The Polish economy will expand by 3.8 percent in 2021, the World Bank said on Wednesday, raising its previous growth forecast of 3.5 percent.
European Commission forecasts confirm that the Polish economy coped “relatively well” with the pandemic, the finance minister has said in a commentary sent to PAP.
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).
Rating agency Standard & Poor's has lowered Poland's 2021 GDP growth forecast from 3.8 to 3.4 percent, and raised the 2022 forecast from 4.2 to 4.4 percent
The World Bank has reduced its forecast for Polish economic growth this year to 3.3 percent from 3.5 percent expected earlier.
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.
Poland's registered unemployment rate is expected to stay within the 6.5-6.7 percent range throughout 2021, Deputy Development and Labour Minister Robert Tomanek said in answer to an MP inquiry, citing early forecasts.
Poland's GDP may increase by 4.1 percent in 2021, according to a report published by the central bank on Monday.
According to the EC, Poland is second-best in the EU in coping with the Covid-19 pandemic, a top bank official said on Thursday.
The International Monetary Fund has said it expects a 2.7 percent-growth in Polish GDP this year.