Meanwhile, the agency revised downward its projection for Polish economic growth in 2022 to 4.3 percent from the 4.5 percent it forecast earlier, Poland’s PAP news agency reported.
Fitch, one of the world’s "Big Three" credit rating agencies, in August affirmed Poland's "A-" credit rating with a stable outlook as economies worldwide struggled with the fallout from the coronavirus pandemic.
The agency at the time cited Poland's "diversified economy with a record of stable growth in recent years," coupled with "a sound macroeconomic framework," as the rationale for its rating action.
The Organization for Economic Cooperation and Development (OECD) this month raised its 2021 GDP growth forecast for Poland to 5.3 percent, from a previous projection of 3.7 percent, while also revising upward its 2022 projection for Poland to 5.2 percent from 4.7 percent, officials in Warsaw have noted.
The European Commission last month raised its 2021 GDP growth projection for Poland, predicting that the country's economy would expand by 4.9 percent this year.
Poland's economy shrank 2.7 percent in 2020, after posting 4.7 percent growth in 2019, according to the country’s Central Statistical Office (GUS).
The Polish economy grew 5.3 percent in the third quarter of this year, the Central Statistical Office said at the end of last month in a preliminary estimate.
(gs)
Source: PAP