The bank now expects the Polish economy to grow 3.2 percent in 2024, which is 0.2 percentage points higher than its June forecast.
In 2025, Poland's GDP is projected to grow 3.7 percent, an increase of 0.3 percentage points from the World Bank's previous prediction, Polish state news agency PAP reported.
The bank also raised its 2026 growth forecast for Poland to 3.4 percent, up from the previous projection of 3.2 percent.
In its latest Economic Update for Poland and other developing economies in Europe and Central Asia, the World Bank said that economic growth in the region "is stabilizing after a series of crises but at levels well below the early-2000s."
Antonella Bassani, World Bank Vice President for Europe and Central Asia, said: "Countries of the Europe and Central Asia region have ably navigated the recent shocks of high inflation, the fallout from Russia’s invasion of Ukraine, and weak expansion in the European Union, the region’s key export market."
She added: "To achieve stronger productivity growth over the longer term, it will be important for the countries of the region to improve substantially the quality of both secondary and higher education, key for bolstering human capital and creativity."
Poland's central bank in the summer predicted that the Polish economy would expand 3 percent this year, followed by 3.8 percent growth in 2025 and 3.1 percent in 2026.
The Polish government last month approved the country's budget for 2025, which expects the economy to grow 3.9 percent next year.
Poland's gross domestic product expanded by 0.2 percent in 2023 as a whole, after growing 5.6 percent in 2022, according to the state-run Statistics Poland (GUS) agency.
(gs)
Source: IAR, PAP, worldbank.org