The International Monetary Fund (IMF) in January raised its forecast for Poland's economic growth to 3.5 percent, but in a detailed report published earlier this week it issued an important warning.
According to the IMF, Poland's GDP growth is set to decelerate soon, mainly due to demographic factors, Puls Biznesu reported.
Between 2026 and 2031, the domestic labour market is expected to contribute less to GDP growth than in previous years, the newspaper said.
As the number of people of working age dwindles, the GDP growth rate will be 0.6 percentage points slower than it could be, the IMF said, as quoted by Puls Biznesu.
The process has already begun. The contribution of domestic workers to potential GDP was negative already in 2023-2025.
By comparison, two decades ago it was positive and totalled 1.5 percentage points, with GDP growth reaching 5.2 percent, the IMF said.
Poland's workforce is shrinking despite immigration, Puls Biznesu added.
(pm)
Source: PAP