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Poland’s GDP growth to reach 4.2 percent in 2018

Staff Writer | April 30, 2018
Economic growth in 2018 in Poland is projected to reach 4.2 percent, compared to 4.6 percent last year.
Poland   The World Bank anticipates a 2.0 percent budget deficit
Solid growth will be fueled by private consumption and investments. Looking ahead, the Polish economy will probably grow at less than 4 percent - with 3.7 percent growth forecast in 2019 and 3.5 percent in 2020, according to the latest World Bank data.

In its January forecast, the World Bank projected that Poland’s Gross Domestic Product (GDP) would increase by 4.0 percent in 2018, 3.5 percent in 2019, and 3.1 percent in 2020.

The World Bank anticipates a 2.0 percent budget deficit in 2018 and forecasts that the deficit may approach the 3 percent threshold in 2020.

The current-account is likely to return to a small deficit of 0.3 percent of GDP in 2018, as opposed to a small surplus in 2017, as robust household consumption, higher investment, and a firming in global commodity markets push the volume and cost of imports up.