Poland is likely to see no changes in the interest rates until the end of 2024, with GDP growth of 3.1% over the period, the S&P Global Ratings agency has said in a forecast.
In the report dated November 27, S&P economists raised their estimate of Poland’s GDP by 0.1% in 2024, while expecting Poland’s economic growth to reach 3% of GDP, up by 0.1%.
For 2024, S&P expects average annual inflation in Poland at 6%, in 2025 at 4.1% and in 2026 at 3.4%, with the interest rates at the end of the respective periods at 5.75%, 4.75% and 3%.
The revision of the GDP growth forecast for 2024 is due to a moderate improvement in the outlook for investment, according to the agency.
No justification has been provided for the other macro indicators.
Of the three major rating agencies, Poland’s creditworthiness is rated highest by Moody’s, at the A2 level. Fitch and S&P rate Poland at A-, one level lower than Moody’s. The outlook for all the ratings is stable. (PAP/Business World Magazine)
