Poland's economy will expand by 3.8 percent this year, and in 2022 the GDP growth will be 4.5 percent, the Institute for Economic Forecasts and Analyses (IPAG) predicts.
The government on Friday passed a Multiannual Financial Plan for 2021-24, which foresees Poland's GDP growth at 3.8 percent this year and higher in the following years, the Polish finance, funds and regional policy minister told PAP.
Demand from western EU members is behind the 18.9 percent annual growth in Poland's industrial production in March, according to an expert with the Polish Economic Institute.
Poland recorded the highest year-on-year increase in employment among European Union countries in the fourth quarter of 2020.
The Polish economy will expand by 3.3 percent this year, according to ratings agency Moody's, which previously put the country's growth rate at 4.0 percent.
Poland's GDP may increase by 4.1 percent in 2021, according to a report published by the central bank on Monday.
As Poland weathers its first proper winter in years with the mercury dropping to over -20 degrees Celsius and snowfall covering much of the country, we turn our attention towards the climate in general.
European Commission data show that Poland is among four EU countries that recorded positive cumulative economic growth in the last two years.
Poland's expected 4-percent GDP growth this year appears unthreatened, the prime minister said on Tuesday.
Polish economic growth fell by 3.4 percent in 2020, according to International Monetary Fund (IMF) estimates, one of the “least severe” contractions in the EU.