GDP growth by 3.6% because of 500+ child program
16:34
American Morgan Stanley bank has created a GDP growth forecast of 3.6 percent per year for Poland, due to increased domestic demand fueled by the 500+ child benefit program.
Morgan Stanley points to the same mechanism mentioned by the government itself preparing the bill. "Poles get extra money in hand - across the economy several billion dollars per year. Perhaps some companies therefore opt for new investments to increase its production capacity. Perhaps some companies employ a new staff, " company reports.
Morgan Stanley is an American multinational financial services corporation that operates in 42 countries with more than 1300 offices and 60,000 employees.