Moody’s releases new estimates for 2018 GDP growth, inflation

Rating agency Moody’s has issued its forecast for Poland’s GDP growth, as well as the country’s deficit-to-GDP ratio, for 2018. In the Friday forecast released to the press, it said that GDP would grow at a rate of 2.8 percent, y/y, and also that the deficit-to-GDP ratio would be 2.8 percent. Earlier in December, Moody’s predicted that, for 2017, GDP growth would average 2.9 percent, y/y.

The forecast for consumer price inflation was somewhat different. Here, the agency predicted that inflation would increase in 2017 to 1.5 percent, from just slightly above zero percent throughout 2016 – and that it would rise to 2.2 percent in 2018. Moody’s also released its forecast for debt-to-GDP ratios. It predicted that this rate would rise to 53.5 and 53.8 percent, respectively, in 2017 and 2018, from 52.5 percent in 2016.

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