The World Bank has lowered its forecast for Poland’s GDP growth in 2022 by 0.8 percentage points to 3.9 per cent, the Bank said. In 2023, GDP growth will be 3.6%. The Bank estimates that Ukraine’s economy will decelerate by 45.1% this year. Russia’s GDP is expected to decline by 11.2% in 2022.
World Bank experts predict that economic growth in the euro area as a whole will slow to 3.5% in 2022 due to inflationary pressures, tighter monetary policy and greater political uncertainty, which will lead to a weakening of domestic demand.