Relations with EU to be the most important from the point of view of Poland's rating
22:11
Relations with the EU are currently the most important from the point of view of Poland's rating, said Arvind Ramakrishnan, chief analyst of the Fitch rating agency for Poland.
"Thematically, at least for me, relations with the EU are one of the most important issues. As I mentioned earlier and I would like to emphasize it, although in our scenario we do not assume that Poland could leave the EU, it is important to consider the consequences of an event with low probability occurrences but potentially serious," Ramakrishnan stated.
In his opinion, at the present stage, it cannot be assumed that Polexit, or Poland's exit from the EU, could be the baseline scenario, or even a realistically probable one, at least in the forecast horizon of 2022-23.
"It is in Poland's particular interest to resolve the situation with the EU. Poland must rely to a fairly large extent on EU funds, not only on the Reconstruction Fund but also on cohesion funds. Not to mention the large number of Polish citizens scattered across EU countries who give the economy a significant part of foreign remittances. Moreover, the EU is the main source of foreign direct investment," expert Fitch added.
(Bankier)
