EC lowers Polish GDP growth forecast to 4% in 2022

The European Commission (EC) has revised Poland's GDP growth forecast to 4% for this year (from 5.2% expected in July this year) and to 0.7% for next year (from 1.5% respectively), according to the EC's autumn forecast. The 2024 forecast assumes a growth of 2.6%.

According to the Commission, private consumption will increase between 2022 and 2024 by: 4.2%, 2.3%, and 2.4%, respectively, and public consumption will grow by 0,2%, 0,6%, and 0,9%, respectively. 

The Commission forecasts export growth from 2022 to 2024 of: 4.2%, 2.8%, and 4.6%, respectively, and import growth - by 6,4%, 1,5%, and 4,2%.

Source: ISB News