The OECD, which brings together 38 developed countries, also predicted that inflation in Poland would reach 5 percent this year before easing to 3.9 percent next year, Polish state news agency PAP reported.
OECD Chief Economist Álvaro Santos Pereira said in Warsaw on Tuesday that Poland was on a path of robust economic growth despite Europe's most severe energy crisis since the 1970s.
Poland seen among OECD’s top performers, No. 2 in EU
He predicted that Poland would be among the OECD’s top performers in GDP growth over the next two years and the second-fastest-growing EU economy, trailing only Ireland.
Over the past 25 years, Poland has made significant strides in economic development and is rapidly approaching the OECD and EU averages in GDP per capita and standard of living, Pereira said while presenting an OECD report on Poland in the Polish capital.
He also highlighted that Poland has one of the lowest unemployment rates in the EU.
Speaking about inflation, Pereira noted that consumer prices were rising in other OECD countries as well and that Polish inflation was likely to slow this year, nearing its target level next year, the PAP news agency reported.
The OECD report comes after the World Bank last month downgraded its forecast for Polish economic growth to 3.4 percent this year and 3.2 percent next year.
The Polish central bank in November predicted that the country's GDP would grow 2.7 percent in 2024, followed by 3.4 percent in 2025 and 2.8 percent in 2026.
Poland’s president this month signed the country's budget for 2025, which expects the economy to grow 3.9 percent this year.
The Polish economy grew 2.9 percent last year, after expanding by 0.1 percent in 2023, according to a preliminary estimate released at the end of January by the country’s statistics office.
(gs)
Source: PAP, gov.pl