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Poland's GDP to fall by 5.4 pct in 2020 - central bank

July 17th, 2020

Poland's economic growth will decline by 5.4 percent in 2020 and will rebound by 4.9 percent in 2021 and 3.7 percent in 2022, while the CPI inflation will remain high, at 3.3 percent this year, the National Bank of Poland's (NBP) central projection shows. In 2021, the country's CPI will shrink to 1.5 percent and will slightly grow to 2.1 percent in 2022. Poland's core inflation will reach 3.4 percent in 2020, 1.5 percent in 2021 and 2.1 percent in 2022, according to the central bank.


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