21:57 9 April 2024
PIE: Poland’s GDP growth expected to accelerate in 2024
The GDP growth rate of Poland will accelerate to 2.6% in 2024 and to 4.1% in 2025, according to a report by the Polish Economic Institute (PIE). The main driver of growth in 2024 will be household consumption, while 2025 will see a boom in investments. Economic recovery programs from the National Reconstruction Plan will also support growth. Despite the winding down of supportive measures, inflation in 2024 is expected to remain low, with an average price increase of 3.6%.
However, wage hikes and rising electricity bills may push inflation to around 4.6% in 2025. PIE predicts stable unemployment rates, ending at 5.3% in the next two years. Wage growth in 2024 is expected to remain in double digits, averaging 12.3%, but a slowdown is anticipated in 2025 due to fewer firms being able to afford raises.
Source: obserwatorfinansowy.pl
