Poland’s economic development – forecasts 2018

The Government announced further efforts to reduce VAT. One of the soulotions can be introducing electronic cash register requirements.

Austrian bank Raiffeisen, active in Poland, raises its forecast from 4.1 to 4.6% for 2018. Moody’s raises its forecast from previously 3.5 to 4.3% for the full year. Fitch raises its forecast for 2018 from 3.6% growth to 3.9%. According to the bank HSBC, 78% of Polish companies trading worldwide expect their turnover to increase in 2018.

Poland’s exports increased by 10.2% last year, in euro. KUKE, expects a slowdown in exports by 2018 and estimate 6 -7% as a realistic value.

As reported by the central bank, in February inflation fell to 0.8%. Based on the CPI, inflation was 0.7% at the same time as Eurostat’s measurement and 1.4% according to GUS.

Poland – did you know?




Visitors per year



Renewable energy




Source: Svensk-Polska Handelskammare, Börje Risingård, OECD