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Polish general gov’t deficit, debt to shrink: IMF

The International Monetary Fund has revised downward its forecast for Poland’s general government deficit this year to 1.9% of GDP from a previous projection of 2.7% of GDP, according to a report.

In its latest Fiscal Monitor, the IMF also lowered its projection for Poland’s 2018 debt-to-GDP ratio to 50.8 percent from the 53.8 percent it forecast earlier, the PAP news agency reported on Wednesday.

In the latest issue of its World Economic Outlook report, the IMF revised upward its forecast for Poland’s economic growth this year and next.

According to ratings agency Moody’s, Poland’s debt-to-GDP ratio will fall to 49 percent by 2019.

According to Poland’s Central Statistical Office (GUS), the country’s general government debt and deficit both decreased last year compared with 2016.

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