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Wednesday, May 22, 2024

Forecasts for the Polish economy of the European Commission – GDP and inflation. There is a change

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On Monday, the European Commission raised its economic growth forecasts for Poland in 2023. At the same time, however, the European Commission revised its inflation forecasts in Poland. In 2024, this is to be no longer 4.4 percent, but 6 percent.

European Commission estimates that in 2023 it will amount to 0.7 percent and in 2024 to 2.7 percent. In February, she estimated that in 2023 an increase GDP will amount to 0.4 percent, and in 2024 to 2.5 percent. The EC also maintained the forecasts inflation for Poland for 2023

The EC still forecasts that this year inflation in Poland will amount to 11.7 percent. At the same time, it raised its inflation forecast for 2024 from 4.4 percent. up to 6 percent The EC forecasts that unemployment rate in Poland it will increase only slightly to 3.3 percent. in 2023, after which it will gradually decrease to 3.2 percent. in 2024, the Commission also expects wages to continue to grow at a strong pace driven by growth minimum wage and a low unemployment rate.

Main photo source: Warsaw Grand / Shutterstock

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