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European Commission raises Poland's GDP and HICP inflation forecasts for 2022

15:52

European Commission raises Poland's GDP and HICP inflation forecasts for 2022
Source: Pixabay

The European Commission (EC) has revised its 2022 GDP growth forecast for Poland to 5.2% from 3.7% presented in May. In a report published on Thursday, the EC also lowered its GDP growth forecast for 2023 to 1.5% from the 3% estimated earlier.

"Looking ahead, growth will slow until the end of 2022, influenced by Russia's aggression against Ukraine, tighter monetary policy, worsening economic sentiment, and weaker external conditions”, the report says.

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