Poland Projects 3% GDP Growth and 2.8% Inflation for Next Year

Poland's government anticipates robust economic performance in the coming year, projecting a 3% growth in Gross Domestic Product (GDP). This optimistic outlook was announced by Andrzej Domański, the Minister of Finance and Economy, following a Council of Ministers meeting on the 2027 budget.

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We forecast that inflation next year will average 2.8 percent.

Inflation is also expected to moderate, with an average annual rate of 2.8% forecast for the next year. Alongside economic growth, the government expects a significant rise in wages. Average nominal wages are projected to increase by 5.9%, translating to a 3% increase in real wages after accounting for inflation.

Looking further ahead, the government foresees continued positive trends in the labor market. By the end of 2027, the unemployment rate is predicted to stand at 6%, calculated using the European Union's methodology. This projection follows an earlier forecast from June, which had slightly higher GDP growth expectations (3.1%) and lower inflation (2.5%).

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We forecast that the projected GDP growth next year is 3 percent.

Minister Domański highlighted that the government has adopted the draft budget law for 2027 and updated its macroeconomic forecasts. The projected wage growth for the current year is 6.4% nominally, or 3.3% in real terms, indicating a strong labor market performance.

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We forecast that nominal average wages will increase by 5.9 percent, and real wages by 3 percent.