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 Polish economy will have one of the “shallowest” recessions in Europe, the finance minister has claimed.
The International Monetary Fund forecasts the general government sector deficit to be at the level of 4.3 percent of GDP in 2021, according to its cyclical Fiscal Monitor report.
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.
Economic forecasts for the year remain optimistic and should shrug off problems plaguing the German economy.
Leading Portuguese weekly 'Expresso,' predicting recession in Europe, has pointed to Poland as a "world leader in economic growth" among developed countries, pointing out that since 1992, only Australia has kept up with Polish GDP growth.
Poland was only outperformed by Romania with 5.1 percent growth and Hungary with 5.2 percent growth in the first quarter of 2019.