Poland’s GDP will contract by 0.2 percent, year on year, in 2023, according to the credit ratings agency Moody's.
The Fitch ratings agency has revised down Poland's GDP growth forecasts for both 2022 and 2023, to 3.9 percent from its previous estimate of 5.2 percent for this year and to 1.5 percent for next year from the level of 3.0 percent, the agency has indicated in a report.
Global ratings agency Moody's has affirmed Poland's long-term credit rating at the A2 level, an upper-medium grade, with stable outlook.
Poland's recent Constitutional Tribunal ruling on the unconstitutionality of certain provisions of EU treaties may further strain the country's relations with the EU and could lead to delays in EU fund flows, which is a credit negative, Moody's wrote in a comment.
Poland's constitutional court ruling strains relationship with the European Union and is credit negative, rating agency Moody's said in its October 8 report.
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 long-term rating in foreign currency was affirmed at the A2 level with stable outlook by rating agency Moody's on Friday evening.
The inflow of regular and additional EU funding will help boost Poland's GDP growth in the years 2021-27, the Moody's rating agency said on Tuesday.
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.
The Polish economy is expected to grow by 4 percent in 2021, global ratings agency Moody's has written in a report published on March 29.
This site uses "cookies". By staying on it, you agree to the use of cookies.
