Poland skyline at golden hour

Poland External Debt (EUR bn)

Year-on-year GDP growth slowed further in the fourth quarter of 2022. A sizable drop in private consumption—amid spiking inflation, higher interest rates, downbeat sentiment and weaker export growth—was behind the deceleration. On the other hand, fixed investment expanded at a faster pace, supporting the economy. Meanwhile, GDP contracted significantly quarter on quarter. Moving to Q1, although the economy is expected to contract in year-on-year terms due to a high base of comparison, underlying momentum should have strengthened. Less downbeat consumer and business sentiment, as well as rising manufacturing PMI readings, in January-February point to stronger activity. Meanwhile, in late February S&P Global Ratings affirmed the country’s “A-” credit rating with a stable outlook, citing its diversified economy, NATO and EU membership and manageable levels of public and private debt.

Poland External Debt (EUR bn) Data

2017 2018 2019 2020 2021
External Debt (EUR bn) 319.8 317.3 316.7 307.4 322.7

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