The financial agency predicted that the Polish economy would expand 3.5 percent next year, maintaining its projection from April.
In its latest World Economic Outlook report, released on Tuesday, the IMF said that "global growth is projected to be in line with the April 2024 World Economic Outlook (WEO) forecast, at 3.2 percent in 2024 and 3.3 percent in 2025."
It added that "the global economy continues to show resilience, defying fears of stagflation or recession."
Economic growth in the eurozone, which is Poland's largest trading partner, is expected to be 0.9 percent this year and 1.5 percent in 2025, according to the IMF.
Poland's central bank this month updated its GDP growth forecasts for the country, saying it now expects the economy to expand 3 percent this year, followed by 3.8 percent growth in 2025.
International ratings agency S&P Global last month upgraded its forecast for Poland's GDP growth this year to 2.9 percent, from a previous projection of 2.8 percent.
The agency also raised its forecast for Polish economic growth in 2025 by 0.2 percentage points to 3.3 percent.
The European Bank for Reconstruction and Development (EBRD) said in May that it expected Polish GDP to grow 2.9 percent this year and 3.5 percent in 2025.
The European Commission in May raised its forecast for Polish economic growth this year to 2.8 percent, from a previous projection of 2.7 percent.
The EU’s executive also predicted that the Polish economy would expand 3.4 percent next year.
Poland's gross domestic product expanded by 0.2 percent in 2023, after growing 5.6 percent in 2022, according to the state-run Statistics Poland (GUS) agency.
Finance Minister Andrzej Domański said in April that Poland’s economy was on track to grow 3.1 percent this year and 3.7 percent in 2025.
Polish President Andrzej Duda in late January signed into law the country’s budget for 2024, which expects the economy to grow 3 percent this year.
(gs)
Source: IAR, PAP, imf.org
