ING: GDP growth will accelerate to 3.7% y/y, interest rates will fall to 3.25% in ‘26
According to ING Bank Śląski’s Economic Courier: Forecasts for 2026, Poland’s GDP is expected to grow by 3.7% y/y in 2026, up from 3.6% in 2025, keeping the country among the fastest-growing economies in the EU. Growth has been driven mainly by consumption and modern services, offsetting weak industry and delayed EU-funded investments. ING expects a more balanced growth structure in 2026, supported by EU grants and loans, including funds from the National Recovery Plan (KPO). Inflation is projected to remain low due to moderate wage growth, weak labor demand, competitive pressure, and a strong złoty.
As a result, economists anticipate interest rate cuts to 3.25% by the end of 2026.