The bank predicted that the Polish economy would expand 3 percent next year and grow 2.9 percent in 2027, maintaining its projection from April.
In its Jobs and Prosperity report, released last week, the World Bank said that Poland's economic growth is expected to be "underpinned by resilient services, investment, and robust consumer demand."
The World Bank noted that Poland's government "recently raised this year’s general budget deficit target to 6.9 percent of GDP."
Poland's fiscal deficit is expected to ease to 6.2 percent next year, according to the World Bank.
"Spending pressures remain elevated because of military outlays of about 5 percent of GDP, sustained increases in social transfers, and rising infrastructure and energy-related spending," it said.
Government debt in Poland is projected to rise by more than 14 percent of GDP between 2024 and 2027, reaching nearly 70 percent of GDP, according to the Jobs and Prosperity report.
Poland’s central bank in July predicted that the Polish economy would expand 3.6 percent this year, followed by 3.1 percent growth in 2026 and 2.5 percent in 2027.
The country's 2025 budget expects the economy to grow 3.9 percent this year.
Polish GDP is expected to grow 3.5 percent next year, under the country's 2026 budget approved by the government in late August.
(gs)
Source: IAR, PAP, worldbank.org