Economist warns of growing indebtedness

“The indebtedness of Poland has already crossed the border of PLN 1
trillion. In the years 2016-18 we took out loans worth PLN 110 billion.
On average, PLN 3 billion each month,” Dariusz Filar, an economist and
former member of the Monetary Policy Council (RPP), said in an interview
with Business Insider Polska. What can this result in?
The
problem is serious because, as Filar claims, although the debt to GDP
ratio is falling, there is the risk that the Polish economy will stop
growing as fast as it is growing now. “Our economy will slow down and
the high level of indebtedness will stay. This will have its
consequences,” the economist warns.