According to data from the National Bank of Poland, Poland’s external debt increased slightly, as it was PLN 335 billion in the previous quarter. At the end of the third quarter of 2021, external debt amounted to 318.58 billion euros.
External debt of the public sector decreased in the third quarter of 2019. to 86.13 billion euros from 85.87 billion euros in the previous quarter. A year earlier it amounted to 95.44 billion euros.
Debt for “direct investment – debt instruments” at the end of the third quarter of this year amounts to 105.645 billion euros against 103.61 billion euros in the previous quarter and 94.84 billion euros in the previous year, he the central bank said in a statement.
What economic growth in Poland?
The central forecast on the dynamics of economic growth, conducted by NBP among 22 experts in September, assumes growth at the level of 4.3%. GDP in 2022, then slowing to 1.5% in 2023 and a 3.1% increase. in 2024
Experts, however, are not ruling out a recession in 2023-2024, although its probability is low or very low, according to the NBP report.
When will inflation start to come down?
The central forecast for average annual inflation in a poll conducted by the National Bank of Poland among 24 analysts in September 2022 was 13.9%. for 2022, 11.6%. for 2023 and 6.6%. for 2024
In turn, economists from PKO Bank Polski predict that inflation will amount to 17.2%. at the end of 2022 and 9.5%. on an annual basis at the end of 2023. In their view, inflation will return to the target (2.5 percent with a deviation of plus or minus one percent) in 2025 at the earliest.
Inflation in November brother. amounted to 17.5% according to data from the Central Bureau of Statistics. per year and was 0.4 percentage points. lower than October.
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