The Polish general government deficit, after increasing to 4.7 percent this year, will fall below the 3 percent threshold recommended by the EU by reaching 2.6 percent in 2022, the International Monetary Fund (IMF) has reported.
Poland's GDP growth should increase up to 3.5 percent in 2021 and decrease to 4.5 percent in 2022, according to the latest World Economic Outlook by the International Monetary Fund (IMF).
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.
The International Monetary Fund has said it expects a 2.7 percent-growth in Polish GDP this year.
The International Monetary Fund (IMF) has upgraded Poland's economic growth in 2020 to -3.6 percent from -4.6 percent forecast in June. In 2021, Poland's economy is to expand by 4.6 percent, up from 4.2 percent, according to the autumn World Economic Outlook forecast.
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.