KIG chief economist expects GDP growth at 1.5% in 2023, inflation drop to 6.5-7%

Poland's economy is expected to grow by 1.9% year on year (y/y) in the third quarter and 3.9% y/y in the fourth quarter, leading to a 1.5% y/y increase in GDP for the entire year of 2023, according to Piotr Soroczyński, the chief economist of the Polish Chamber of Commerce (KIG). Inflation (CPI) is projected to decline to 6.5-7% y/y in December, and the unemployment rate is expected to remain around 5.1%.

Soroczyński noted that while some sectors see positive growth, others are still experiencing a recession. He believes that decreasing negative impacts on private consumption and rebounding investments will be crucial for improving GDP growth. Inflation is also expected to decline due to changes in industrial prices and the strengthening of the Polish zloty.

Source: inwestycje.pl