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English Section

S&P raises Polish GDP growth forecasts

29.06.2021 08:30
International ratings agency S&P Global has upgraded its forecast for Poland's GDP growth this year to 4.5 percent, from a previous projection of 3.4 percent.
Pixabay licence
Pixabay licenceImage by Gerd Altmann from Pixabay

The agency also revised upward its projection for Polish economic growth in 2022 to 5.4 percent from the 4.4 percent it forecast earlier, Poland’s PAP news agency has reported.

S&P Global, one of the world’s "Big Three" credit rating agencies, in April maintained Poland's "A-" long-term foreign-currency credit rating, with a stable outlook, as economies worldwide struggled with the fallout from the coronavirus pandemic.

The agency has previously cited Poland's diversified economy, European Union membership and manageable levels of public and private debt as the rationale for its rating actions.

The Organization for Economic Cooperation and Development (OECDlast month predicted that the Polish economy would expand by 3.7 percent in 2021 and 4.7 percent in 2022.

(gs/pk)

Source: PAP