It is yet more proof that our policy supports dynamic economic growth." Private consumption and fixed investment are seen expanding strongly, supported by fiscal relief measures. In, Money.pl. In 2019, the growth in real gross domestic product (GDP) in Poland was up 4.1 percent from the year before, continuing a trend of positive growth in GDP. The Commission publishes a full set of macroeconomic forecasts for the EU and its Member States in spring (May) and autumn (November) and publishes interim forecasts updating GDP and inflation figures in winter (February) and summer (July). Please do not hesitate to contact me. In April, World Bank economists projected economic growth in Poland to reach 4.0% in 2019. Economy - overview: Poland has the sixth-largest economy in the EU and has long had a reputation as a business-friendly country with largely sound macroeconomic policies. Poland's gross domestic product expanded by a seasonally adjusted 7.9 percent on quarter in the three months to September 2020, the steepest period of expansion since comparable records began in 1995, partially recovering from a historic 9.0 percent slump seen in the second quarter. Economic forecasts Summer 2020 Economic Forecast: A deeper recession with wider divergences The EU economy will experience a deep recession this year due to the coronavirus pandemic, despite the swift and comprehensive policy response at both EU and national levels. New, Figures and insights about the advertising and media world, Industry Outlook Poland is a high-income country with a large and diversified domestic economy. Poland economic growth for 2018 was $1,242.82B, a 1.99% increase from 2018. You need a Single Account for unlimited access. You only have access to basic statistics. Domestic demand will continue to drive growth: consumption will be supported by a tight labour market and investment by the disbursements of EU structural funds and low real interest rates. source: Central Statistical Office of Poland (GUS) 3Y 10Y 25Y Economic growth is projected to remain solid, but ease gradually as labour resources become scarcer and production costs rise. This feature is limited to our corporate solutions. Poland Economic Forecasts Published monthly, Eastern Europe Consensus Forecasts offers a comprehensive outlook for the Polish economy; covering 14 macroeconomic variables over a 2 year forecast horizon. (January 1, 2020). 2  In this article, we review Poland's economy … It means, that the IMF forecasts a slight slowdown of Polish economy in upcoming months and an expected retard till 2.8% in the medium term, which is the consequence of adverse demographic data. While the rest of Europe fell into recession following the start of the global crisis in 2008, Poland kept growing. Poland economic growth for 2018 was $1,218.62B, a 1.97% increase from 2018. These forecasts are produced by the Directorate-General for Economic and Financial Affairs (DG ECFIN). The creative destruction on which the growth process was based also caused massive social changes that … Poland Economic Growth After contracting notably this year on the hit from coronavirus containment measures, the economy is projected to rebound in 2021. Economic forecasts of major banks in Poland in 2020 [Graph]. Accessed December 12, 2020. https://www.statista.com/statistics/1085737/poland-economic-forecast-by-major-banks-in-poland/, Money.pl. Economic forecast in Poland 2020, by major banks Published by Adriana Sas, Jan 6, 2020 The five largest banks in Poland presented economic forecasts for Poland … Poland - Domestic Demand GDP falls at slower rate in third quarter amid lifting of Covid-19 restrictions According to a preliminary estimate, the economy contracted at a milder pace in the third quarter, with GDP decreasing 1.6% on an annual basis following Q2’s record-breaking 8.4% slump. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Poland announced a rescue package designed to shield the economy from the impact of the coronavirus that will cost around 212 billion zloty ($52 … Then you can access your favorite statistics via the star in the header. The forecast for 2020-2021 is maintained at 3.6% and 3.3%, respectively. On the rise: Poland’s economy is expected to keep on growing this year. 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Poland admits most economic immigrants from outside EU: report Poland In 20:10 27-Nov-20 'We all want to strike a compromise' on EU budget, Polish climate minister says France 24 16:34 27-Nov-20 Japanese agency R&I rates Poland A with stable outlook - Fin Min The First News 13:25 27-Nov-20 ", Money.pl, Economic forecasts of major banks in Poland in 2020 Statista, https://www.statista.com/statistics/1085737/poland-economic-forecast-by-major-banks-in-poland/ (last visited December 12, 2020), Economic forecasts of major banks in Poland in 2020, GDP growth forecast: Eastern Europe, U.S., U.K. and Germany 2010-2024, Distribution of gross domestic product (GDP) across economic sectors Poland 2019, Annual business confidence index for the industrial sector in EU 2008-2022, Annual business confidence index for the industrial sector Poland 2008-2022, Industry revenue of »manufacture of refined petroleum products« in Poland 2011-2023, Industry revenue of »manufacture of basic iron, steel, ferro-alloys« in Poland 2011-2023, Industry revenue of »processing and preserving of meat« in Poland 2011-2023, Industry revenue of »manufacture of machinery for mining, quarrying« in Poland 2011-2023, Industry revenue of »manufacture of soft drinks and bottled waters« in Poland 2011-2023, Annual business confidence index for the service sector Poland 2008-2022, Industry revenue of »management of real estate on a fee or contract basis« in Poland 2011-2023, Industry revenue of »rental and operating of own or leased real estate« in Poland 2011-2023, Advertising agencies revenue in Poland 2010-2022, Industry revenue of »business and other management consultancy activities« in Poland 2011-2023, Restaurants and mobile food service activities revenue in Poland 2010-2022, Annual business confidence index for the retail sector Poland 2008-2022, Industry revenue of »retail sale in non-specialised stores with food« in Poland 2011-2023, Industry revenue of »sale of cars and light motor vehicles« in Poland 2011-2023, Industry revenue of »retail sale of automotive fuel in specialised stores« in Poland 2011-2023, Industry revenue of »dispensing chemist in specialised stores« in Poland 2011-2023, Industry revenue of retail sale of clothing in specialised stores in Poland 2011-2023, Economic outlook index in Switzerland from September 2019 to September 2020, Impact of COVID-19 on economic outlook Vietnam 2019-2020, Expert survey on the economic outlook for selected countries 2019, by quarter, Forecasted impact of COVID-19 on retail businesses in the Netherlands 2017-2020, Scenarios for the economic impact of COVID-19 on GDP in the Netherlands 2020-2021, Forecast of the budget deficit in the Netherlands 2015-2021, Influence of the crisis on personal finances in the Netherlands 2018, COVID-19 pandemic's level of impact on personal finances in selected countries 2020, COVID-19 pandemic: Share of persons with a most severe impact on their finances 2020, Forecast of the general government gross debt in the Netherlands 2013-2021, Russian economy outlook by European businesses 2020, by term, Hungarians on the duration of COVID-19's effects on their household's finances 2020, Agricultural sector volume forecast change in the Netherlands 2014-2021, Forecast of unemployment rate in the Netherlands 2013-2021, Employment forecast change in the Netherlands 2015-2021, Poll on the impact of a second COVID-19 wave on personal finances in Hungary 2020, Forecast of the annual change of wages in private sector in the Netherlands 2015-2021, Construction sector forecast volume change in the Netherlands 2014-2020, Forecast of the annual CPI change in the Netherlands 2015-2021, Health and wellness sector volume forecast change in the Netherlands 2014-2020, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from, Gross domestic product (GDP) in Poland 2021, Gross domestic product (GDP) growth rate in Poland 2021. Corporate solution including all features. The report aims to provide a fact-based perspective on how Poland Since 1990, Poland has pursued a policy of economic liberalization. It provides a comprehensive set of political, economic, and business environment forecasts that are updated monthly for 82 countries, written from the point of … facts. But Poland’s rapid economic ascent created new challenges. Register in seconds and access exclusive features. New, Everything you need to know about the industry development, Find studies from all around the internet. It might be hard to picture now. Forecasts are provided by leading economists whose individual views are shown together with the average (mean) forecast. This statistic is not included in your account. Poland is currently the sixth largest economy in Europe. "Economic Forecasts of Major Banks in Poland in 2020. Poland In English/Telewizja Polska S. A. While Poland's growth is one of the fastest in Europe and Central Asia, overall growth dynamics in the region are being adversely affected by the downturn in Turkey and Russia. The World Economic Outlook of the International Monetary Fund predicts, that the GDP growth in Poland will amount to 3.5% in 2019. Please create an employee account to be able to mark statistics as favorites. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook But due to a steep second wave of the coronavirus pandemic in Poland and the associated re-introduction of containment measures, we are more downbeat about Q4 and H1 2021. As a Premium user you get access to background information and details about the release of this statistic. Following the EU demographic trend, Poland… What about the roots of Poland’s success? Poles have seen an increase in revenues, boosted employment and wages, and increased revenue in the country’s pay-as-you-go pension system. 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