The Polish economy will expand by 4.7 percent in 2022, the World Bank stated on Tuesday, keeping its previous growth forecast unchanged.
Poland's inflation will hold at an elevated level in 2022, but it will not be as high as it is today, Poland’s central bank, NBP, governor told a press conference on Thursday.
The Fitch ratings agency has raised its forecast for Poland's GDP growth in 2021 to 6.4 percent from the previous 5.7 percent, the Fitch Global Economic Outlook (GEO) - December 2021 report reveals.
S&P Global Ratings revised down Poland's GDP growth forecast for 2022 to 5 percent, from its previous estimate of 5.3 percent.
Goldman Sachs analysts forecast Poland's inflation rate will rise by 0.5 percentage points to 7.3 percent in November and also predict December's inflation level will be even higher.
The European Commission has estimated Polish GDP growth at 4.9 percent this year, 5.2 percent next year and 4.4 percent in 2023 in a forecast released on Thursday.
Inflation in Poland will increase to 4.9 percent in 2021 but GDP will rise to 5.3 percent, according to the National Bank of Poland's (NBP) November forecast.
The International Monetary Fund (IMF) has raised Poland's GDP growth forecast for this year from 4.6 percent forecast in July to 5.1 percent, according to its latest World Economic Outlook.
The World Bank (WB) has raised Poland's GDP growth forecast for 2021 from 3.8 to 4.5 percent and for 2022 from 4.5 to 4.7 percent, the bank wrote in a report published on Wednesday.
Goldman Sachs has raised Poland's 2022 inflation forecast from 3 percent to 3.7 percent, largely due to a sharp increase in wholesale gas and electricity prices, the bank announced on Tuesday.