Poland targets 3.7% GDP growth, 4.1% inflation in 2025

The Polish economy is expected to grow 3.7 percent and inflation is seen averaging at 4.1 percent next year, under a set of budget targets adopted by the country’s government.

Polish Prime Minister Donald Tusk leads a meeting of his Cabinet in Warsaw on Thursday, June 13, 2024.

Polish Prime Minister Donald Tusk leads a meeting of his Cabinet in Warsaw on Thursday, June 13, 2024.Photo: PAP/Radek Pietruszka

Average employment nationwide is expected to rise 0.7 percent in 2025, while average wages are seen increasing 7.1 percent, under the key macroeconomic indicators approved by Poland’s centrist-liberal government on Thursday.

The unemployment rate is expected to stand at 4.9 percent at the end of 2025, while public and private investment is projected to increase 10.2 percent, according to the finance ministry.

The country’s minimum wage, meanwhile, will rise to PLN 4,626 (EUR 1,064, USD 1,148) in 2025, up from at PLN 4,300 at the end of this year, under a proposal unveiled by the government on Thursday, state news agency PAP reported.

The macroeconomic indicators endorsed by the government on Thursday are subject to consultation with its social partners as part of the Council for Social Dialogue, officials said.

The government has until September 30 to come up with the final draft of the country’s budget for next year and submit it to parliament.

(gs)

Source: IAR, PAP, gov.pl

Radio Poland

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