In its latest forecast, the S&P Global Ratings agency predicts that Poland’s interest rates will remain unchanged until the close of 2024, coupled with a 3.1 percent GDP growth over the same period. The report, dated November 27, reveals an upward adjustment of 0.1 percentage point for Poland’s 2024 GDP estimate, aligning with an anticipated economic growth of 3 percent.
S&P economists anticipate an average annual inflation of 6 percent in Poland for 2024, projecting a decline to 4.1 percent in 2025 and further to 3.4 percent in 2026. Correspondingly, the expected interest rates by the end of these years are 5.75 percent, 4.75 percent, and 3 percent, respectively.
The agency attributes the revised GDP growth forecast for 2024 to a moderate improvement in the investment outlook. While this adjustment is detailed, no specific justifications are provided for other macroeconomic indicators.
Among the major credit rating agencies, Moody’s holds the highest creditworthiness rating for Poland at A2, while Fitch and S&P rate it at A-, one level below Moody’s. The stable outlook is maintained across all these ratings.