The International Monetary Fund has revised upwards its forecast for Poland’s economic growth this year and next.

In its latest World Economic Outlook report, the IMF predicts Polish GDP will grow 3.8% in 2017 and 3.3% in 2018.

In April, the IMF forecast 3.4% GDP growth for Poland in 2017 and 3.2% the year after.

The World Economic Outlook revised downward its average annual inflation forecast for Poland this year to 1.9% from an April projection of 2.3%. The forecast for 2018 remains unchanged at 2.3%.

International rating agency Fitch recently revised upwards its forecast for the Polish economy to 4% growth this year, up from a July projection of 3.3%.

Meanwhile, in early September, the Moody’s agency strongly upgraded Poland’s 2017 GDP forecast to 4.3% from an earlier projection of 3.2%.

(pk)

Source: PAP