2023 GDP growth forecast at 0-1%

According to the Minister of Finance, Magdalena Rzeczkowska, the Ministry of Finance predicts GDP growth in Poland between 0% and 1% in 2023. However, quarterly declines can be observed.

Rzeczkowska also stated that the growth will continue despite a significant slowdown. The European Commission has revised its growth forecast for Poland, projecting a 0.4% growth for this year (down from 0.7% expected in November 2021) and 2.5% growth for the next year (down from 2.6%).

The growth projected in the budget bill for 2023 is 1.7%. At the end of January, the Central Statistical Office reported that GDP grew by 4.9% y/yin 2022, compared to 6.8% growth in the previous year.

Source: ISBnews