The second half of next year should bring inflation down below 10 percent according to Paweł Borys, head of the Polish Development Fund (PFR).
The war in Ukraine and sanctions on Russia will result in a further increase in inflation, but in 2023 the Polish economy may enter a period of stagflation, the head of the state-owned Polish Development Fund (PFR) has said.
Poland's average annual growth of prices of consumer goods and services (Consumer Price Index, CPI) is expected to stand at around 7 percent in 2022, according to the head of the Polish Development Fund (PFR).
Investments should log a double-digit growth next year and be a driving force for the Polish economy, a government official said on Monday.
Poland's economy will likely expand by 5 percent in the coming two or three years, according to the head of the Polish Development Fund.
State aid programmes for micro, SME and large companies during the pandemic stabilised their financial situation, the president of the Polish Development Fund (PFR) has said.
The Polish Development Fund has channeled billions of funds to companies struggling with the economic effects of the Covid-19 pandemic since it began in the spring of 2020.
A PLN 25-billion (EUR 6.43-billion) financial shield, to be launched next week, offers liquidity and preferential loans to large companies hit by government-imposed Covid-19 related restrictions.
Poland's economic growth could reach up to 5 percent this year, but if the coronavirus restrictions are prolonged for a considerable time, GDP expansion may be as little as 2 percent, the head of the state-run development fund PFR, Pawel Borys, has said.
Digitalisation in Poland's bigger firms significantly accelerated during the coronavirus pandemic, according to a survey by the Humanities Institute, an organisation focusing on social change.
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