wiiw Forecast Reports

POLAND: Prospects reasonably good, but extraordinarily uncertain


Leon Podkaminer

in: Recovery Beating Expectations
wiiw Forecast Report No. Autumn 2021, October 2021 , pp. 94-97

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The ‘fourth wave’ of the pandemic currently presents little cause for concern. From a mild decline in GDP, Poland has seen a shift towards recovery. The rising wage bill supports a strong recovery in consumption without jeopardising corporate profitability. Growth in gross fixed capital formation is still inadequate, but industrial production is performing very well. An upturn in inflation has not unduly affected the central bank’s monetary policy. However, the course of fiscal policy remains uncertain. Overall, Poland’s prospects are good, but conflicts with the European Commission need to be resolved.


Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Poland