Fitch, one of the world’s "Big Three" credit rating agencies, cited Poland's "diversified economy," coupled with "a fairly sound macroeconomic framework anchored by EU membership, improving external finances and slightly lower public debt levels than rated peers."
The agency said it expected Polish GDP growth to be 0.4 percent this year, followed by 2.4 percent in 2024.
It added that "the performance of household consumption and exports has been particularly weak in recent quarters, given a combination of high inflation, rising interest rates and weak external demand."
"We see a solid recovery in consumption over the next quarters, underpinned by a solid labour market and real wage growth, while the outlook for exports is much less certain given weakness in external markets," Fitch said on Friday.
"We expect investment to remain a key growth driver, as has been the case in 2023, thanks in part to defence spending," it added.
(gs)
Source: PAP, fitchratings.com, gov.pl