World Bank ups forecast for Poland

The World Bank raises its forecast for growth in Poland to 4.0 percent in 2019 and 3.6 percent in 2020, with a further slowdown to 3.3 percent in 2021.

The raised outlook for Poland stands out against most countries in the Global Economics prospects Report, which is subtitled “Darkening Prospects”. The 4.0 percent growth foreseen in 2019 is a drop from the 5.0 percent the institution has forecast for the full year of 2018, which is put down to the tightening labour force and worsening position of its export markets in the EU, particularly Germany.

The bank’s forecasts were raised from June 2018, when the previous edition of the 'Global Economic Prospects' was published.

The National Bank of Poland Monetary Policy Council is likely to revise down its November inflation 3.2 percent forecast for 2019, as the consumer price index (CPI) fell to 1.1 percent in December, according to the Chairman, Adam Glapiński.

The Prime Minister, Mateusz Morawiecki tweeted that he “appreciated that signals like that coming from international institutions show that the potential of our country is more and more evident to other countries”