This year’s economic growth is expected to reach 3.8%, while annual inflation is to amount to 9.1%, according to a Finance Ministry macroeconomic forecast published on April 26.
The government approved a multi-year financial plan for the years 2022-2025, part of which was an updated convergence program to be handed over to the European Commission and European Council until April 30.
“In accordance with the adopted scenario, Poland’s GDP is to expand by 3.8% in 2022 and to go down to 3.2% in 2023,” the Finance Ministry wrote.
“In 2024, the economy will grow by 3% and by 3.1% in 2025,” it added.
The ministry wrote that Poland was a country with a low unemployment rate, and said that unemployment, calculated according to Population Economic Activity Research (BAEL), “will fall from 3.4% in 2021 to 2.7% in 2022.”
The ministry also admitted that the fast economic revival was accompanied by growing inflation, but stated that its increase had been chiefly caused by external and geopolitical factors, especially energy prices.
“Poland’s annual inflation is expected to amount to 9.1% in 2022, to fall to 7.8% in 2023, to 4.8% in 2024 and to 3.5% in 2025,” reads the statement published by the ministry.
According to the Central Statistical Office, in March CPI inflation in Poland was 11%. (The First News/Business World Magazine)