MF: Forecasts for the new budget are around 5% of GDP growth for 2021 and 2022

The forecasts for the new budget act for 2022 assume GDP growth close to 5 percent this year and 2022, the chief economist of the Ministry of Finance, Łukasz Czernicki, informed.

"The economic rebound is stronger than what we forecasted a few months ago. We will soon present our new macroeconomic forecasts, which are the basis for the budget bill for the next year. I can say that these forecasts are better and forecast much higher economic growth, much closer to the 5 percent limit for this and next year," Czernicki stressed.

He added that the forecasts are in line with market expectations and this is the first update of the ministry's forecasts after a long break.

"We assume that inflation will be elevated this and next year. Starting from 2023, it should be heading towards the NBP's inflation target," Czernicki also said.

He added that in 2022 the average annual inflation will be slightly lower than in this year.

(ISBnews)