18:18 13 November 2023
Goldman Sachs expects Poland’s GDP to grow 0.1% in 2023, 3.9% in 2024
Goldman Sachs predicts a 0.1% y/y growth for Poland's GDP in 2023 and a substantial 3.9% in 2024. It anticipates a sharp decline in interest rates across Central and Eastern Europe in 2024. Inflation dynamics weakened in Hungary, Czech Republic, and Poland. Analysts foresee a three-party coalition forming the new Polish government, signaling a more EU-friendly stance. Despite a potential hawkish stance from the National Bank of Poland initially, experts expect significant interest rate cuts in 2024 due to a sharp decline in inflation.
The budget deficit is likely to remain high amid substantial spending commitments.
Source: PAP
