Rising real wages, EU funded public investment, and budgetary stimulus should support solid GDP growth this year External risks are on the rise, however, including an economic slowdown in Germany, Poland's largest export market. We are affirming our 'A-/A-2' ratings on Poland with a stable outlook. On April 12, 2019, S&P Global Ratings affirmed its 'A-/A-2' foreign currency long- and short-term sovereign credit ratings on Poland, and its 'A/A-1' local currency long- and short-term sovereign credit ratings. The outlook is stable. We could raise the ratings if real income growth in Poland continued to outpace that of key trading partners without creating external imbalances; or if the government posted budgetary surpluses, leading to a reduction in outstanding public debt in
