16:04 5 May 2024
OECD Forecasts the Future of the Polish Economy
Poland's GDP in 2024 will grow by 2.9 percent, and inflation at the end of the year will reach 4.8 percent. In 2025, the pace of economic growth will increase to 3.4 percent, and inflation will slow to 3.5 percent, according to the "OECD Economic Outlook" report.
"It is expected that real GDP growth will accelerate this year to 2.9 percent thanks to rising real wages and fiscal policy supporting consumption growth, despite weaker investment growth. Core inflation is falling, but by the end of 2024, it will rise to 4.8 percent due to the withdrawal of food and energy support measures, and then it will drop to 3.5 percent in 2025. In 2025, real GDP will increase by 3.4 percent, as EU funds will stimulate investment, and foreign direct investment will remain strong. Inflation and further withdrawal of fiscal support will limit consumption growth," the forecast authors report.
