Poland’s GDP growth could fall to just 2.2 percent this year, down from 4.3 percent seen back in 2011, according to analysts from X-Trade Brokers, and continue to fall for the next two years. “Strong economic slowdown in Poland is the result of decreasing demand, both in the country and the European region,” says Przemysław Kwiecień from XTB, adding that Polish exports could drop 2.7 percent this year.
According to Kwiecień, Poland’s economy will continue to slow next year as well, possibly to a mere 1.5 percent. “We’re still dependent on the situation in other EU countries. The slowdown in Western Union countries is resulting in lower export demand,” says Kwiecień. According to XTB, the Polish żłoty is expected to fall against the euro and against the US dollar at the end of the year.
