OECD sees Poland’s growth at 0.4% in 2023

The OECD predicts a 0.4% increase in Poland's real GDP in 2023, citing weakened domestic demand, high inflation, and a restrictive monetary policy. Growth is anticipated to rebound to 2.6% in 2024 and further rise to 2.9% in 2025, driven by recovering consumption and robust investments from the EU recovery plan. Inflation (CPI) has halved in 2023, but core inflation is decreasing more slowly due to a strong labor market.

Risks include persistent inflation and uncertainties due to the Ukraine conflict. Gradual easing of monetary policy is recommended. Fiscal consolidation is urged to curb inflation and ensure a cautious fiscal path.

Source: obserwatorfinansowy.pl