IMF raises its GDP growth forecast for Poland in '21

The International Monetary Fund (IMF) has raised its GDP growth forecast for Poland in 2021 to 3.5 percent from 2.7 percent and decreased its forecast in 2022 to 4.5 percent from 5.1 percent, according to the latest version of the cyclical IMF World Economic Outlook report.

The fund expects average annual CPI inflation in Poland this year at the level of 3.2 percent (2.7 percent at the end of 2020), and in 2022 at an average level of 2.5 percent. According to the IMF's estimates, the current account surplus is expected to amount to 2.0 percent in 2021 and 1.3 percent in 2022

The report does not provide a rationale for the forecasts. 

(PAP)