Polish inflation likely to rise to 2.3 pct in 2019, GDP growth to come in at 4.3 pct

Poland’s central bank, National Bank of Poland, is set to publish its November inflation and growth report. The basic assumptions and findings were talked about the press conference after last week’s MPC meeting. The projection was prepared with the assumption of stable rates in Poland and unfreezing of energy prices for households next year.

Thus, energy prices are likely to rise by about 8 percent year-on-year in 2020, said Erste Group Research in a report. Inflation is likely to rise marginally compared to the July projection. CPI is expected to come in at 2.3 percent in 2019 and at 2.9 percent in 2020.

“Economic growth is expected to be slightly slower than previously anticipated. GDP growth should arrive at 4.3 percent in 2019 (vs. 4.5 percent as of July) and at 3.6 percent in 2020 (vs. 3.9 percent as of July). The November forecast is mostly in line with our expectations for this and next year”, added Ertse Group Research.