19:03 8 May 2019
EBRD increases estimates of Poland's GDP growth
The European Bank for Reconstruction and Development (EBRD) has raised Poland’s GDP growth forecast for 2019 to 4.1 percent (from 3.6 percent). For 2020, the EBRD predicts a GDP growth of 3.5 percent. The institution believes that because of the Polish government’s set of new stimulus measures, it will be very difficult to meet national and EU fiscal rules.
“With the deteriorating external environment, domestic demand will remain a key driver of economic growth, and it will be additionally supported by generous government spending,” the EBRD stated.
(PAP)
