Poland Playing Down Iran War Inflation Hit, Fiscal Watchdog Says

Poland’s fiscal watchdog said the Finance Ministry has underestimated the impact on the economy from the Middle East conflict and recommended a revision in inflation forecast that underpins budget planning.

The Fiscal Council, which was launched to assess the government’s macroeconomic assumptions, said it had “significant doubts” whether the projections are realistic. The Finance Ministry said last month that its sees inflation at 2.5% this and next year despite the rise in oil prices since the outbreak of the Iran war.