(The Polskie Radio)
Poland’s central bank has updated its GDP growth forecasts for the country, saying it expects the economy to expand 4.1 percent this year and 5.4 percent in 2022.
In its latest Inflation Report, released on Monday, the National Bank of Poland (NBP) said that “economic activity continues to be heavily affected by the current epidemic situation caused by the SARS-CoV-2 virus and the level of the restrictions in force in Poland and other countries.”
But the Polish central bank added that the country’s GDP “is expected to return to its pre-pandemic level in mid-2021,” and then grow by more than 5 percent in the next two years.
The bank also said that the economy “will return to the growth path” in the second quarter of 2021, “yet this will be contingent on the normalisation of the epidemic situation, a recovery in activity abroad and an improvement in the private demand outlook.”