Fitch, one of the world’s "Big Three" credit rating agencies, cited Poland's "diversified economy," coupled with "a fairly sound macroeconomic framework anchored by EU membership, and slightly lower public debt levels than rated peers."
The agency said it expected that "the Polish economy will remain resilient to external shocks and macro-economic challenges, due in part to a commitment to and record of solid fiscal performance and an improved external balance sheet."
Fitch added that it expected Polish GDP growth to "fall from an estimated 5.7% in 2022 to 1.1% in 2023, as economic activity in Poland's main trade partners and domestic demand slow."
The agency expects the Polish economy "to recover in 2024, expanding by 2.6%."
Also, the agency forecasts "high consumer price inflation [in Poland ed.] in 2023, averaging 15.5% versus 14.3% in 2022."
Assessing structural risks, Fitch said "Poland's successful efforts at diversifying from Russian energy mean that the risks of gas or coal supply disruptions for this and next winter are relatively low."
(ał)
Source: PAP, fitchratings.com