World Bank raises its forecast of Poland's GDP growth in '22 to 4.7%

The World Bank (WB) raised its forecast of Poland's GDP growth in 2021 to 4.5 percent from 3.8 percent previously estimated, and to 4.7 percent in 2022. from 4.5 percent, according to the bank's report from October 5.

The bank forecasts that in 2023 Poland's GDP will grow by 3.3 percent, by 0.5 percentage points less than previously estimated.

According to the World Bank, CPI inflation in Poland will drop to 3.6 percent in 2022 and 3.1 percent in 2023 from 4.2 percent in the current year.

The World Bank's forecasts take into account the impact of tax changes in the Polish Deal program and assume the disbursement of funds from the EU Reconstruction Fund.

(PAP)