NBP poll: GDP growth expected at 2.9% in 2024 and 3.3% in 2025

The National Bank of Poland's survey forecasts a 0.5% GDP growth in 2023, followed by an acceleration to 2.9% in 2024 and 3.3% in 2025, based on responses from 22 experts. This marks an improvement from the previous prediction of 0.4%, 2.5%, and 3% for the respective years. The aggregated expert forecasts suggest an economic upturn in 2024-2025, with GDP growth ranging from 2.2-3.7% in 2024 and 2.1-4.2% in 2025.

Unemployment rates are expected to be 5.2% in 2024 and 5.1% in 2025. Nominal gross wage growth will decrease from 11.9% in 2023 to 9.8% in 2024 and 7% in 2025, while the EUR/PLN exchange rates are predicted to be 4.39 in 2024 and 4.35 in 2025.

Source: forsal.pl