We expect Poland's economy will continue to expand about 3% over the next two-to-three years, supported by robust domestic demand and exports. That said, Poland's fiscal position will remain exceptionally weak over the next few years; we project average general government deficits will exceed 6% of GDP and net general government debt will reach 70% of GDP at the end of the decade amid political polarization that hinders fiscal consolidation. We affirmed our'A-/A-2'long- and short-term foreign currency sovereign ratings on Poland, lowered our long-and short-term local currency ratings to'A-/A-2'from'A/A-1', and revised our outlook on the long-term local and foreign currency ratings to negative from stable. On Nov. 6, 2026, S&P Global Ratings revised its outlook
