Locked content Deutsche Bank Polska: GDP growth may slow down to 3.8% in 2019

Strong domestic demand and low unemployment, associated with wage growth and rising purchasing power, should continue in 2019, the main economist of Deutsche Bank Polska Arkadiusz Krześniak said. “It is worth underscoring, however, that the Polish economy, like the economies of the euro area, ...

Fitch raises Poland’s GDP growth forecasts

Fitch rating agency has raised the forecast of Poland’s GDP dynamics in 2018 to 5.1 percent from 4.8 percent, and to 3.8 percent from 3.6 percent in 2019, according to results from the latest macroeconomic forecasts of the Fitch agency. In 2020, Fitch expects a slowdown in economic growth in P...

Locked content GDP growth seen at about 5% in 2018 – analysts

Analysts expect GDP growth in 2018 at about 5 percent despite the expected slowdown in Q4. Domestic consumption remains the main driver of the Polish economy, and a clear investment recovery was recorded in Q3, analysts said. On Friday Poland Central Statistical Office (GUS) reported that seasonally...

Locked content ECB notes economic uncertainties, waits for 2021 outlook

The European Central Bank (ECB) admitted the uncertainties in the economy, however, decided that they are insufficient to revise GDP growth risk assessment, according to the minutes of the ECB October meeting. “It needed to be emphasized that the incoming data, while somewhat weaker than expected, r...

OECD raises 2018 GDP growth forecast for Poland to 5.2%

The Organisation for Economic Cooperation and Development (OECD) has raised its 2018 GDP growth forecast for Poland to 5.2 percent from 4.6 percent previously. For 2019 OECD upgraded GDP growth estimate to 4.0 percent from 3.8 percent previously.

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 ...