The European Commission estimates that inflation in Poland in 2021 will reach 5.0%, in 2022 – 5.2%; in 2023 it will slow down to 2.6 percent.
In July, EU officials estimated that inflation in Poland this year would amount to 4.2%, and next year it would drop to 3.1%.
“Strong price dynamics are projected to continue throughout the rest of 2021 and into 2022, mainly as a result of rising energy prices and unit labor costs, which are putting upward pressure on service prices.” In addition, food prices are expected to increase partly due to rising energy prices, which are translated into prices for (…) agricultural output. (…) HICP inflation is therefore expected to reach 5.0%. in 2021 and will accelerate to 5.2 percent. in 2022 “, the European Commission announced on Thursday.
See also: There will be an anti-inflationary package. “We are finishing work”
Poland’s GDP – European Commission forecast
At the same time, the European Commission raised the forecast of Poland’s GDP growth in 2021 from 4.8%. up to 4.9 percent The Commission also maintained its forecast that the Polish economy will grow by 5.2 percent next year.
“The Polish economy rebounded sharply in the first half of 2021, reaching pre-pandemic GDP levels in the second quarter. Economic growth is expected to remain dynamic despite supply disruptions and soaring commodity prices, mainly driven by declining household savings and a rapid increase in investment, the European Commission reported.
The European Commission estimates that in 2023 Poland’s GDP will increase by 4.4%.
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