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Dep FinMin Outlines Economic Forecasts For Coming Years

POLAND
  • Deputy Finance Minister Piotr Patkowski told Rzeczpospolita that Poland's economic growth is expected to be +0.9% Y/Y this year, +2.8% in 2024, +3.2% in 2025 and +3.1% in 2026. Average inflation has been pencilled in at +12.0% Y/Y this year, +6.5% in 2024, +3.9% in 2025 and +3.1% in 2026. The official warned that the budget deficit and public debt will temporarily increase in the coming years due to extraordinary circumstances, which include the need to rapidly boost defence spending.
  • State fund PFR chief Pawel Borys noted that headline inflation should reach single-digit levels in Q3/Q4 this year after peaking in in February. The official told Radio Zet that "we should have [an inflation of] below +10% [Y/Y], closer to +8%. We are hoping that next year it will fall to +5%."
  • The only item on the local data docket today is money supply, due for release at 13:00BST/14:00CEST.
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