Poles will likely have to endure elevated inflation levels for the coming two to three years, according to Pawel Borys, head of the Polish Development Fund (PFR).
The European Investment Bank (EIB) and the Polish Development Fund (PFR) have signed an agreement on cooperation in areas such as environmental protection and climate change.
Bringing down inflation will require time and a tighter fiscal policy, the Polish Development Fund (PFR) wrote on Tuesday in a commentary on the latest inflation statistics.
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.
The pace of Polish economic growth may ease in 2022, with GDP reaching 4.5 percent, according to the head of the Polish Development Fund, Pawel Borys.
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.
The speed of Poland's economic recovery from the Covid-19 crisis may be much greater than expected, a deputy head of the Polish Development Fund (PFR) has said.
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.