PIE: GDP will grow 0.7% in 2023, 2.2% in 2023

The Polish GDP is predicted to increase by 0.7% in 2023 and by 2.2% in 2024, according to analysts from the Polish Economic Institute (PIE). They foresee an average price growth of 12.6% in 2023, followed by a drop in CPI inflation to 7.9% in the next year. Despite a first-quarter decline of 0.3%, economic activity is expected to improve, with GDP growth projected to reach 0.7% in 2023.

The report suggests the slowdown may be over and highlights the role of public spending in driving economic growth. Inflation is projected to be driven by service price increases. Unemployment is expected to rise to 5.5% by the end of the year.

Source: wnp.pl