Poland’s economy will expand by 2-2.5% in the fourth quarter of the year, while inflation will fall to 6.5-7%, the president of the Polish Development Fund (PFR) has said.
“Real incomes are likely to grow by 2-3%,” Pawel Borys wrote on X on August 31, adding that this should increase consumption.
“But investments and exports are the main driving force of the economy,” he said.
Poland’s GDP decreased by 0.6% YoY in the second quarter of 2023, the Central Statistical Office (GUS) reported in a flash estimate.
Poland’s economy contracted by 0.3% YoY in the first quarter of 2023, after a 2.3% growth in the fourth quarter of 2022.
According to GUS, prices of consumer goods and services (Consumer Price Index, CPI) increased by 10.1% YoY and remained flat month on month in August. (PAP/Business World Magazine)e
