Analysis by Region - Emerging Markets - Poland

Analysis by Region - Emerging Markets - Poland

We have cut our 2023 growth forecast for Poland by 0.3ppts to 0.2% to reflect revisions to realised prints, and now expect GDP to rebound by 2.3% in 2024, up 0.2ppts from our outlook last month. Positively, recent high-frequency indicators and surveys suggest a turnaround in activity is gaining traction. While the poor outlook for main trading partners will keep a lid on the pace of a rebound, we now see risks to our near-term growth forecasts as skewed to the upside.