We've raised our 2025 GDP growth forecast for Poland by 0.3ppts to 3.5% as a solid Q4 2024 result generated a stronger carryover effect into this year. High frequency data have so far been positive this year, indicating that activity has continued to expand at a good pace in Q1. Still, we have trimmed our 2026 GDP growth forecast by 0.2ppts to 3.2%, with balanced risks around the call.
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