TIWN
![IMF downgrades Poland's growth forecast IMF downgrades Poland's growth forecast](http://tripurainfoway.com/viewimage.php?src=http://tripurainfoway.com/news_pic/2022/1-1665575092.png&w=567)
Warsaw, Oct 12 (TIWN) The International Monetary Fund (IMF) has lowered Poland's growth forecasts by 0.7 and 1.5 percentage points, respectively, for this year and 2023.
According to the latest IMF World Economic Outlook report published on Tuesday, Poland's gross domestic product (GDP) is expected to grow 3.8 per cent in 2022 and 0.5 per cent in 2023, compared to previous expectations of 4.5 per cent and 2 per cent, reports Xinhua news agency.
Poland's average annual consumer price index (CPI) is currently seen at 13.8 per cent and is expected to reach 15.8 per cent at the end of the year.
In 2023, the average annual inflation will be 14.3 per cent before falling to 9 per cent at the end of the year, the report said.
According to the IMF, Poland's current account deficit is likely to reach 4 per cent of GDP this year, and 3.3 per cent in 2023.
- Barack and Michelle Obama endorse Kamala Harris for US President
- 2 Indian military teams plant tri-colour on Mt. Elbrus in multinational military 'Climb for Peace' event
- US senator moves bill to help India take on China
- Biden tells Americans he quit race to 'unify his party'
- Kamala Harris trumps Donald among Indian-Americans, shows Harris campaign internal poll