Poland's Finance Minister, Magdalena Rzeczkowska, anticipates a surge in the country's economy in the coming months, driven by increased consumption that is set to boost revenue from

value-added tax and other sources. In an interview with state news agency PAP on Monday, Rzeczkowska stated that Poland's inflation rate has seen a significant decline from 18.4 percent in February to 6.5 percent in October. She projected positive economic growth of 0.5-1 percent for the current year, with an expected rebound to 3 percent in the following year.

Rzeczkowska highlighted the strength of the labor market, noting that the unemployment rate stood at just 2.8 percent in September. According to international institutions and Polish experts, she expressed confidence that the economy would experience significant acceleration in the upcoming quarters. Improved consumer sentiment, attributed to the rapid decline in inflation, is expected to drive increased consumption, leading to better economic performance and higher VAT revenue.

The finance minister also emphasized that global ratings agencies, including S&P Global, Fitch, and Moody's, recognize the credibility and robust foundations of the Polish economy. Despite external challenges such as the COVID-19 pandemic and the war in Ukraine, Poland's economy has demonstrated resilience. As of Friday, Fitch affirmed Poland's credit rating at "A-" with a stable outlook. Photo by Gov.pl, Wikimedia commons.