Meanwhile, the agency revised downward its projection for Polish economic growth in 2022 to 5.3 percent from the 5.4 percent it forecast earlier, Poland’s PAP news agency reported.
S&P Global, one of the world’s "Big Three" credit rating agencies, in April maintained Poland's "A-" long-term foreign-currency credit rating, with a stable outlook, as economies worldwide struggled with the fallout from the coronavirus pandemic.
The agency has previously cited Poland's diversified economy, European Union membership and manageable levels of public and private debt as the rationale for its rating actions.
Poland’s government on Tuesday approved the country's budget for 2022, which expects the economy to grow 4.6 percent, after an expected 4.9 percent growth rate this year.
Finance Minister Tadeusz Kościński told reporters this week that the Polish economy was regaining momentum after a recession last year due to the coronavirus pandemic.
The Polish economy grew 11.1 percent in the second quarter of this year, the country’s Central Statistical Office (GUS) reported last month in a preliminary estimate.
(gs)
Source: PAP