Poland Economic Projections Improve

Thanks to the latest figures released by Moody’s, we now know it’s better news than expected for Poland after their projected 2.8% growth figure received a boost to 3.1%. Thanks to improvements in the labour market and an increase in private consumption, the economy is improving and this is also being helped by EU-funded investments.

In terms of finances, Standard and Poor’s has also provided good news with an improved credit rating for Poland. With positives coming from the independent and credible monetary policy (Central Bank) as well as the flexible exchange rate regime, they expect GDP growth of 3.3% over the course of the year. Of course, this is a stark contrast to January 2016 when Poland’s outlook and ratings were downgraded .

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