Inflation to peak in February?

Inflation in Poland is likely to peak in February this year, with a reading probably slightly below 20 percent, analysts of the consulting and auditing firm EY (Ernst&Young) predict. 

“After that, it will start to decelerate noticeably, which will be helped primarily by the fading out of the effects of earlier increases in raw material and energy prices translating into the prices of food, goods, and services,” EY experts add.

According to EY's forecasts, Poland's GDP will grow by 0.5 percent in 2023, with growth accelerating gradually in the following years to 2.3 percent in 2024 and 3.4 percent in 2025. In the euro area, on the other hand, a shallow recession is expected in the first half of the year, followed by a moderate recovery, the scale of which will depend on energy prices.

(INTERIA)