Economy
16:03 15 January 2023
Post by: WBJ

Fitch affirms Poland at 'A-'

Fitch affirms Poland at 'A-'
Source: Photo by Gideon Benari on Flickr

Fitch Ratings has affirmed Poland's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'A-' with a Stable Outlook. Poland's ratings are supported by a diversified economy, a fairly sound macroeconomic framework anchored by EU membership, and slightly lower public debt levels than rated peers. This is balanced against lower governance indicators and income levels than the 'A' medians. The Stable Outlook reflects our expectation that the Polish economy will remain resilient to external shocks and macro-economic challenges, due in part to a commitment to and record of solid fiscal performance and an improved external balance sheet.

Still, Fitch forecasts GDP growth will fall from an estimated 5.7 percent in 2022 to 1.1 percent in 2023, as economic activity in Poland's main trade partners and domestic demand slow. High inflation, slowing household credit and weak consumer confidence will act as major headwinds to private consumption, offset to some extent by our expectation of higher public investment led by EU Cohesion Fund absorption, as the 2014-2020 multiannual financial framework (MFF) budget cycle ends.

(WBJ)


poland
fitch ratings
economy

More News

lifestyle

LifeStyle
1 month ago

Doda Promises Emotions and Surprises at Polsat Hit Festival in Sopot

LifeStyle
1 month ago

New Culinary Concept Opens in Warsaw’s Kamionek District

LifeStyle
2 months ago

Mercedes-Benz Unveils Sleek New CLA with Electric Power and AI Tech

LifeStyle
2 months ago

Klaudia Zioberczyk Advocates for Minimalism Amidst Rising Modeling Career

Book of Lists

Book of Lists
4 years ago

The largest Polish companies under the Book of Lists microscope! Book of Lists 2020/2021 certificates have been awarded.

Book of Lists
5 years ago

25th jubilee edition of Book of Lists – project start