Average annual inflation in 2023 – 12%, GDP growth – 0.9% - Patkowski, MF
18:38
Average annual inflation in 2023 will be 12% and GDP growth – 0.9%, Deputy Finance Minister Piotr Patkowski told Rzeczpospolita, presenting an update of the Convergence Program (APK).
"In the APK, we forecast that real GDP growth this year will be 0.9% due to the slowdown of the economy, in subsequent years, it will accelerate to 2.8% (2024), 3.2% (2025), and 3% in 2026. And looking at nominal terms, GDP growth will be 12% in 2023, then 9.4% (2024), 7.1% (2025), and 6.1% (2026). So we don't expect a dramatic slowdown in growth, and we don't see debt accumulation as a significant risk factor," Patkowski said.
Asked about inflation projections, he said it would be more or less in line with market consensus and the NBP’s forecast.
"This year we project average annual inflation at 12%, in 2024 – 6.5%, in 2025 – 3.9%, and 3.1% in 2026," he said.
Source: PAP
