“Our GDP growth forecast for this year is 3.9 percent and we stick to this forecast. But we see the tensions caused by the US introduced by the USAso there is a risk of lowering this forecast, “said Finance Minister Andrzej Domański on Saturday at a press conference.” This risk is in my opinion small, “he said.
Pursuant to the Budget Act for 2025, GDP growth is to amount to 3.9 percent. and average annual inflation 5 percent The budget revenues are to amount to PLN 632.6 billion, expenses will not exceed PLN 921.6 billion, and the budget deficit is to amount to a maximum of PLN 289 billion.
Let us remind you that a few days ago one of the UN agencies estimated that by the customs war caused by Donald Trump Global trade can decrease by up to 7 %, and the gross domestic product around the world will drop by 0.7 percent.
In particular, developing countries will suffer. Pamela Coke-Hamilton, director of the International Trade Center, warned that the prolonged conflict could lead to dramatic decline in trade and initiate the domino effectwhich will affect the global economy. In the expert's opinion, the effects of this phenomenon for developing countries may be catastrophic.
See also: The UN already knows who will suffer in the customs war. “Catastrophic domino effect”
