Updated 2022 Economic Forecast of the Union of Entrepreneurs and Employers

Warsaw, 7^th December 2021

Updated 2022 Economic Forecast of the Union of Entrepreneurs and Employers

2021 was a year of economic rebound after the crisis caused by the COVID-19 epidemic a year before. Economy’s return to a state of ‘relative normal’ after a period of lockdowns and restrictions does not mean, however, that the risk related to the pandemic have disappeared from the landscape entirely.

The emergence of new variants of the coronavirus raises concern both on the part of governments and companies, while a specific “decline” after the period of expansionary fiscal and monetary policy in 2020 manifested itself in the inflation that has been skyrocketing in most developed economies.

It was this economic index that made most forecasts published in the H1 of 2021 (including our own) obsolete. Research centres failed to take into account the possibility of such a rapid increase in prices almost all over the entire developed world.

Keeping these circumstances in mind, we present an updated 2022 Economic Forecast. The current projection is as follows:

Unemployment

Formerly: 5.9%
Now: 5.3%

Inflation

Formerly: 3.1%
Now: 6.5%

GDP growth

Formerly: 5.1%
Now: 5.2%

Investments (% GDP)

Formerly: 17.2%
Now: 16.9%

Find out more: 07.12.2021 Updated 2022 Economic Forecast of the Union of Entrepreneurs and Employers