Poland's PKO BP bank ups its forecast for 2024 growth

Poland's leading bank PKO BP has increased its optimism about Poland's economy in 2024. It now forecasts that the economy may grow as much as 4% due to the stimulus of the long-awaited EU funds ("Fundusz KPO").  

PKO BP bank.

Photo: Wikimedia Commons,Adik7swiony

Poland's PKO BP has significantly changed its forecast for the Polish economy in the light of the new post-election realities. 

The bank now forecasts that the economy may grow as much as 4% in 2024, which would make it a "good year". This change is mainly due to the stimulus of the long-awaited EU funds, now expected to first arrive in April 2024. 

"Though winter only begins on the 21st December in a couple of days, spring can already be detected in the economy. We have revised our forecasts - published in #KwartalnikEkonomiczny - to predict significant growth"

Chociaż kalendarzowa zima zaczyna się w piątek, to w gospodarce widać już przedwiośnie. Nasze zrewidowane prognozy gospodarcze, przedstawione w #KwartalnikEkonomiczny, pokazują wyraźnie wyższy wzrost gospodarczy w 2024. pic.twitter.com/GYuFgCrzUp

— PKO Research (@PKO_Research) December 19, 2023

Sources: X/PKO Research, Interia

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