Poland

map Poland
The Polish economy has proved surprisingly resilient so far. Industry has performed strongly in the first months of 2022, despite the unfavourable conditions. But growth will slow in 2022 and beyond. Rising interest rates are affecting consumption and investment, and inflation is eroding the real value of current incomes. In addition, the export prospects look less promising than before the war. To cap it all, essential imports (e.g. energy, metals) may be in short supply, or else become prohibitively expensive.
        FORECAST*
Main Economic Indicators201920202021202220232024
Population, 1000 persons383973832438370...
GDP, real change in %4.7-2.25.94.03.53.6
GDP per capita (EUR at PPP)227402276024990...
Gross industrial production, real change in %4.1-1.214.5...
Unemployment rate - LFS, in %, average3.33.23.43.03.13.2
Average gross monthly wages, EUR114511761240...
Consumer prices, % p.a.2.13.75.210.06.53.5
Fiscal balance in % of GDP-0.7-6.9-1.9-5.0-4.0-3.0
Public debt in % of GDP45.657.153.8...
Current account in % of GDP0.52.9-0.6-0.8-0.5-0.4
FDI inflow, EUR m149761519227925...
Gross external debt in % of GDP59.358.155.8...


Basic data are continuously updated.

* Forecasts are changed beginning of January, April, July and November.
See Press Conferences.

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POLAND: The fight against inflation set to cause collateral damage

Adam Żurawski
in: Overshadowed by War and Sanctions
wiiw Forecast Report No. Spring 2022, April 2022 , pp. 99-102
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Monthly Report No. 1/2022

Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Selena Duraković, Richard Grieveson, Doris Hanzl-Weiss, Marcus How, Gabor Hunya, Branimir Jovanović, Niko Korpar, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Sandor Richter, Bernd Christoph Ströhm, Maryna Tverdostup, Nina Vujanović, Zuzana Zavarská and Adam Żurawski
wiiw Monthly Report No. 1, January 2022
58 pages including 4 Tables and 21 Figures

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