19:50 4 December 2025
Fitch forecasts Poland’s GDP will be 3.2% in ‘26
Fitch has kept its outlook for Poland’s GDP growth unchanged at 3.2% in 2026 and 2.9% in 2027, expecting stronger investment activity once EU-funded KPO projects accelerate. The agency notes improving bank lending and forecasts 3.3% growth for 2024. Inflation fell to 2.4% in November, with core inflation at 3%, but Fitch expects renewed price pressures due to loose fiscal policy, a government deficit near 7% of GDP, and a tight labor market. CPI is projected at 3.2% in 2026 and 3.1% in 2027.
Fitch anticipates 25-bp rate cuts by the Monetary Policy Council in both years, bringing rates to 3.75% and 3.5%. Poland’s rating remains A- (Fitch, S&P) and A2 (Moody’s).
