Poland targets 4.3% GDP growth, 2.8% inflation in 2022

The Polish economy is expected to grow 4.3 percent and inflation is seen averaging at 2.8 percent next year, under a set of budget targets adopted by the country’s government.

Polish Finance Minister Tadeusz Kościński.

Polish Finance Minister Tadeusz Kościński.Photo: PAP/Mateusz Marek

Average employment nationwide is expected to hold steady in 2022, while average wages are seen increasing 6.4 percent, under the key macroeconomic indicators approved by Poland’s conservative Cabinet on Tuesday.

The country’s unemployment rate, meanwhile, is expected to stand at 5.8 percent at the end of 2022, down from 7.5 percent at the close of this year, state news agency PAP reported.

The macroeconomic indicators endorsed by the government on Tuesday 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.

President Andrzej Duda in late January signed into law Poland’s budget for 2021, which expects the economy to grow 4 percent this year, with inflation targeted at 1.8 percent.

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Source: IAR, PAP

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