EC report: Poland’s labor market strongest ever

Poland’s labor market situation is the best in its recent history, public debt will continue to decrease (to 49.1 percent of GDP in 2019) and budget deficit should stabilize at 1.4 percent of GDP next year, according to the recently publish report prepared by the European Commission for 27 EU countries (excluding Greece). The EC warned, however that the historically low unemployment could spell trouble for economic activity, while a large portion of debt being denominated in foreign currencies carries uncertainty. The EC expects inflation to gradually increase, to 1.3 percent in 2018 and 2.5 percent in 2019.