GDP growth in 2016 may be lower than expected, but according to Deputy Prime Minister and Minister of Finance Mateusz Morawiecki, there have not been negative consequences for the budget. Morawiecki was speaking in an interview with Polish radio on Tuesday. “The growth in 2016 may be slightly lower. [However], it will not translate into a negative impact on the budget,” he said.
Growth is now expected to tap out at between 2.4 and 2.5 percent for 2016, y/y. However, most economists expect it to remain at, or slightly above, 3 percent during 2017. For instance, Nordea Research stated on Sunday in a report that it will stay above 3 percent in the coming year due to increased consumer spending. Morawiecki reiterated that he hopes that growth will accelerate in the second and at the latest in the third quarter of 2017 years.
“Recent data has been very positive,” he said.