Poland's economy will shrink by 4.6 percent this year after nearly three decades of uninterrupted growth, the International Monetary Fund (IMF) has forecast in the spring edition of its comprehensive report, the World Economic Outlook.
Purchasing power parity in Poland is now about three-times higher than it was in 1990.
While the difference is slight in monetary terms, the news comes as testament to how far Poland has travelled along the economic road in the last 30 years.
In an optimistic scenario, Poland will become a member of the G20 group in 2029, the Polish Economic Institute wrote in a report.
The International Monetary Fund's (IMF) upgrade of the economic growth for Poland for 2019 and the parallel downgrade of the inflation projection proves that the government policy supports dynamic growth, PM Mateusz Morawiecki wrote on Twitter on Thursday.
TFN’s editor-in-chief Dagmara Leszkowicz looks ahead to what 2019 holds in store for Poland’s economy.
The International Monetary Fund (IMF) has raised Poland's 2018 economic growth forecast to 4.4 percent from 4.1 percent expected earlier, October's edition of the IMF's World Economic Outlook report shows.