IPAG forecasts stable GDP growth for Poland

The GDP of Poland will increase by 5.1 percent throughout 2021, and in the third quarter, it is expected to increase by 4.6 percent, according to a report by the Institute of Economic Forecasts and Analyzes (IPAG). In 2022, GDP is expected to increase by 5.2 percent y/y. According to IPAG, the value of investment outlays in 2021 will still be lower than in 2019.

"According to the estimates of the IPAG, the GDP growth rate in the third quarter of 2021 was 4.6 percent. It was the second consecutive quarter in which the economic growth rate turned positive, after four previous quarters of decline. In the following quarters – at the end of 2021 and in the following year – the GDP growth rate will be positive, within the range of 4.7-5.8 percent, which means that the favorable economic situation will continue,” the report reads.

The Institute forecasts that throughout 2021 the growth rate of domestic demand will be 6.5 percent, and in 2022 domestic demand will increase by 5.3 percent.

(ISBnews)