The Polish economy will expand by 4.7 percent in 2022, the World Bank stated on Tuesday, keeping its previous growth forecast unchanged.
Electricity bills will rise by about 24 percent net and gas bills will surge by 54 percent net next year after Poland's regulator approved new tariffs as power producers struggle with high prices for natural gas and EU CO2 emission rights.
According to the IMF, the Polish economy will grow by 4.5 percent in 2022, but added that Poland should resolve its disputes with the EU and improve public investment efficiency.
The Fitch ratings agency has raised its forecast for Poland's GDP growth in 2021 to 6.4 percent from the previous 5.7 percent, the Fitch Global Economic Outlook (GEO) - December 2021 report reveals.
Investments should log a double-digit growth next year and be a driving force for the Polish economy, a government official said on Monday.
The secretary general of the Organisation for Economic Co-operation and Development (OECD) has said that Poland's GDP growth would reach about 5 percent in 2021 and that it would remain at a similar level in 2022.
The Polish prime minister has said a Polish economic model based on cheap labour must be "consigned to oblivion" in the post-pandemic world.
Stronger than expected economic growth that has fuelled both revenue and spending has prompted the Polish government to amend this year’s budget.
The Fitch ratings agency has raised its projection for Poland's 2021 GDP growth to 5.7 percent and kept its 2022 estimate at 4.5 percent, the agency said in a report published on Thursday.
Poland's GDP rose by a record 11.1 percent year on year in Q2 2021 from a 0.9-pct drop y/y in Q1, the Central Statistical Office (GUS) reported on Tuesday.