Austrian think tank cuts forecast for Poland’s GDP growth in 2023

Vienna Institute for International Economic Studies (WIIW) lowered its forecast for Poland's GDP growth in 2023 to 1.7%, from 3.6%, the Austrian think tank said. For this year, the Institute raised its forecast to 4.6% from 4.2% earlier.

According to the Institute forecast, the average annual inflation in Poland will increase to 11.5% this year from 10.5% expected earlier, and in 2023 inflation will drop to 6.5 percent. from 8.0% predicted earlier.