Poland's GDP should rise by 1.6 percent in 2023 after 4.0-percent growth in 2022 and against 3.6 percent forecast earlier, the World Bank has said in a report.
Rating agency Standard and Poor's (S&P) has downgraded Poland's economic growth forecast to 4.0 percent in 2022 from 4.5 percent.
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.
In the assumptions for next year's budget, the Polish government forecasts unemployment to grow by 1 percentage point, the minister for family and social policy has said.
The Standard & Poor’s (S&P) Global Ratings agency has lowered Poland's GDP growth forecast in 2023 from the April figure of 3.1 percent to 2.1 percent and raised its estimate for this year from 3.6 percent to 4.5 percent.
The European Commission (EC), the EU's executive arm, has raised its 2022 GDP growth estimate for Poland to 5.2 percent from 3.7 percent forecast in May.
Analysts at investment bank Goldman Sachs (GS) have predicted a 75-basis point increase in interest rates at the next sitting of Poland's Monetary Policy Council (RPP), scheduled for July 7.
The Fitch ratings agency revised up Poland's GDP growth forecast for this year to 5.2 percent from its previous estimate of 3.3 percent, the agency has said in a report.
Poland's GDP will increase by 3.7 percent this year and by 3 percent in 2023, the European Commission (EC) said in its spring forecast on Monday.
This year's economic growth is expected to reach 3.8 percent while annual inflation is to amount to 9.1 percent, according to a Finance Ministry macroeconomic forecast published on Tuesday.
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