12:51 1 August 2022
Inflation will fall after holidays, economy will not go into recession – head of Central Bank
Inflation will start to fall after the holidays, and the Polish economy will not enter recession, according to the President of the National Bank of Poland Adam Glapiński. He estimates that the CPI will be in the single digits next year and within the inflation target by 2024.
"We have high inflation, which will already start falling after the holidays so that next year it will be down to single digits and be within our inflation target in 2024," - Glapinski said in an interview with the weekly magazine Sieci.
"Meanwhile, the country is developing, GDP is growing. Inflation, if no other circumstances arise, will decline". - he added.
He stressed that the onset of the recession in Poland is an unlikely scenario.
Source: ISB News
