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Polish GDP to grow 3.9% in 2026, 2.9% in 2027: central bank

07.03.2026 16:00
Poland’s central bank has updated its GDP growth forecasts for the country, saying it now expects the economy to expand 3.9 percent this year, followed by 2.9 percent growth in both 2027 and 2028.
The Warsaw headquarters of the National Bank of Poland (NBP).
The Warsaw headquarters of the National Bank of Poland (NBP).Photo: Andrzej Barabasz, CC BY-SA 4.0 , via Wikimedia Commons

Meanwhile, inflation is projected to stand at 2.3 percent this year, followed by 2.4 percent in 2027 and 2.3 percent in 2028, the National Bank of Poland (NBP) said in its latest Inflation Report, which was released on Friday.

In its previous projection, the bank had expected the Polish economy to grow 3.7 percent in 2026.

Inflation within target range

According to the report, global GDP growth has been stable in recent months, standing close to its long-term average.

Business conditions in the services sector have remained favourable, accompanied by growth in global industrial output, the report said.

Global inflation has declined as a result of slower price growth in the largest advanced economies, alongside stable average inflation in the emerging economies, it added.

Inflation in Poland has dropped markedly in recent quarters and "has been running at a level consistent with the NBP inflation target" of 2.5 percent (±1 percentage point), the central bank reported.

"The decline in inflation in the recent period was due to weaker annual growth in the prices of food and non-alcoholic beverages and a decline in core inflation, in particular in annual growth in services prices," the report said.

(gs)

Source: IAR, PAP, nbp.pl