Fitch sees GDP growth in Poland at 4.8% in 2018

Fitch Ratings predicts the economic growth in Poland will reach 4.8 percent in 2018, and then it will slow down to 3.6 percent in 2019 and even further to 2.9 percent in 2020. The agency also predicts that investment growth will amount to 5.6 percent this year, 2.8 percent in 2019 and 0.6 percent in 2020.

The analysts add that the situation on the labor market and “moderate weakness” of the exchange rate will lead to the acceleration of inflation. As a result, the central bank will raise interest rates in the second half of 2019. Fitch expects that the main interest rate (reference rate) will increase to 2 percent at the end of 2019 and further to 2.5 percent at the end of 2020.

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