We've cut our 2025 GDP growth forecast for Poland by 0.3ppts to 3.3% and trimmed our 2024 estimate by 0.5ppts to 2.7%. Our downward revision for this year is based on soft activity over Q3 with as the economy shrank on the back of weak industry and sales. But we still expect domestic demand from consumers, and increasingly from investment, will drive the pickup in growth.
Poland: Trump presidency won't alter the near-term outlook