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Poland GDP Q1 2024


The economy should gain traction in 2024 from last year. Easing inflation and interest rates and a rebound in industrial output spurred by stronger demand from the Eurozone will underpin activity. The faster-than-expected disbursement of EU funds poses an upside risk. Additional spillover from the Russia-Ukraine war is a downside risk.

Analysts at the EIU commented on the outlook:

“We forecast that Poland’s economy will rebound by 2.9% in real terms in 2024. Appreciating asset prices and a strengthening zloty following the ruling coalition’s win at the October 2023 parliamentary election highlight market confidence in the new government. This will ensure continued strong investment spending in line with the disbursement of EU funds in 2024 and beyond, further supporting economic growth in the coming years.”

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