Poland

map Poland
A weak recovery in the fourth quarter of 2023 was followed by GDP growth of 2% (year on year) in Q1 2024 and 3.2% in Q2. The continued expansion of consumption, both private and public, will push GDP growth in 2024 as a whole above 3%. Nominal wages are rising, though less dynamically than before. Spurred by a partial deregulation of energy prices in July 2024, inflation jumped from 2.5% in Q2 2024 to about 4.4% in Q3; it is expected to peak in Q1 2025 and decline thereafter.
        FORECAST*
Main Economic Indicators202120222023202420252026
Population, 1000 persons369823682236687...
GDP, real change in %6.95.30.13.13.73.3
GDP per capita (EUR at PPP)263502850030090...
Gross industrial production, real change in %14.510.3-1.2...
Unemployment rate - LFS, in %, average3.42.92.83.03.13.3
Average gross monthly wages, EUR124513581585...
Consumer prices, % p.a.5.213.210.93.85.22.8
Fiscal balance in % of GDP-1.8-3.4-5.3-5.9-5.7-5.3
Public debt in % of GDP53.048.849.7...
Current account in % of GDP-1.3-2.21.80.4-0.7-0.5
FDI inflow, EUR m317123925831743...
Gross external debt in % of GDP55.653.251.8...


Basic data are continuously updated.

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

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Monthly Report No. 12/2024

Branimir Jovanović, Artem Kochnev, Manuel Neubauer and Monika Schwarzhappel
wiiw Monthly Report No. 12, December 2024
55 pages including 1 Table and 38 Figures

Details

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Executive summary

Olga Pindyuk
in: The Crisis is Over, but its Scarring Effects are Hindering Recovery
wiiw Forecast Report No. Spring 2024, April 2024 , pp. I-VII
Details


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