The International Monetary Fund (IMF) has cut Poland’s GDP growth forecast for 2023 to 0.6% from the 1.2% estimated earlier, it has said in its latest edition of the World Economic Outlook.
But it also revised up its forecast for 2024 to 2.3% from the 2.2% predicted in an earlier report.
At the same time, the IMF sees the long-term potential of the Polish economy at around 3% of annual GDP growth.
The IMF also predicts the average annual inflation in Poland settling at 12% in 2023 and 6.4% in 2024.
Poland is expected to see a current account surplus of 1% of GDP in 2023, which will reduce to 0.3% in 2024.
The report includes no rationale behind IMF’s estimates. (PAP/Business World Magazine)
