GDP growth may slow down to 3.8% in 2019 - Santander BP

GDP growth may slow down to 3.8 percent in 2019 and further to 3.4 percent in 2020 versus expected growth of 5.1 percent in 2018, Vice-President of Santander Bank Polska Maciej Reluga said. He added that Consumer Price Index (CPI) inflation is expected to gradually rise towards Poland's Central Bank target (2.5 percent) due to the increase in core inflation.

The bank forecasts that individual consumption this year will decrease to 4.3 percent against the expected level of 4.6 percent in 2018.