Locked content Emilewicz: domestic demand supports GDP growth

Minister of Entrepreneurship and Technology Jadwiga Emilewicz attributed Q3 GDP growth above the expectations to the strong domestic demand.  According to her, the Polish economy does not slow down significantly, while the slight delay in investments and high consumption support the maintenance of e...

World Bank raises Poland’s GDP growth forecast

The World Bank expects Poland’s GDP growth of 4.7 percent this year and of 3.9 percent in 2019. This is 0.5 percentage points higher for 2018 and 0.2 percentage points higher for 2019 compared to the April’s forecast.

IMF raises GDP growth forecast in Poland to 4.4% in 2018 

Economic growth in Poland will accelerate to 4.4 percent this year, while next year it will slow down to 3.5 percent, the International Monetary Fund (IMF) has forecasted. This means a rise in the forecast for 2018 presented in April by 0.3 percentage points.

Locked content Czerwińska sees 2018 budget deficit at PLN 25 bln

The budget deficit for this year will be approximately 60 percent of the planned PLN 41.5 billion, Minister of Finance Teresa Czerwińska said to Interia.pl. This would amount to about PLN 25 billion. In the draft budget for this year, the government assumed GDP growth of 3.8 percent, however, after ...

Locked content Public debt in 2019 will decrease by 1.7 p.p – Czerwińska

Government debt will be reduced by 1.7 percentage points in 2019, Minister of Finance Teresa Czerwińska said. She added that Poland has very low debt for EU standards. On Tuesday the Council of Ministers adopted a preliminary budget for 2019. It assumes 3.8 percent GDP growth, 2.3 percent inflation,...

Locked content GDP growth may reach 5% in 2018 – analysts

In Q2 GDP unadjusted seasonally (at constant average prices of the previous year)  grew by 5.1 percent quarter-on-quarter,  the Central Statistical Office (GUS) reported. Seasonally adjusted GDP (in constant prices referred at 2010) increased by 0.9 percent compared to Q1 and was 5 percent higher y/...

Fitch: economic growth to taper off in 2020

Ratings agency Fitch expects Poland’s economic growth to slow down to 2.9 percent in 2020, from 3.4 percent in 2019 and 4.4 percent in 2018, the agency stated. The agency raised its projections for inflation in 2018-2019 to 2.5 percent at the end of this year (from a previous forecast of 2.3 percent...