OECD Economic Outlook, Volume 2021 Issue 1
The COVID-19 pandemic continues to cast a long shadow over the world’s economies. The OECD Economic Outlook, Volume 2021 Issue 1, highlights the improved prospects for the global economy due to vaccinations and stronger policy support, but also points to uneven progress across countries and key risks and challenges in maintaining and strengthening the recovery.
This issue includes a general assessment of the macroeconomic situation, and a chapter summarising developments and providing projections for each individual country. Coverage is provided for all OECD members as well as for selected partner economies.
Poland
Following a decline of 2.7% in 2020, GDP is projected to recover by 3.7% in 2021 and to grow by 4.7% in 2022. The resurgence of new infections since the beginning of the year will continue to weigh on economic activity. Nonetheless, widespread vaccination and easing of containment measures by the second half of the year should support a strong rebound in consumption and, to a lesser extent, investment. Inflation is set to ease due to continued, though diminishing, spare capacity. The outlook, however, remains uncertain amid epidemiological risks and logistical hurdles for vaccination deployment.