GDP to plummet by 4% in 2020: expert

The economic changes caused by the coronavirus will stay with us for years to come. Market research indicates that due to the April “freezing” of the economy, Polish GDP for 2020 will shrink by 4 percent. We will be making up for these losses for at least a year and a half.

“With such a level of business shutdowns, the closure of the economy only in April caused a large scale of disturbances. Had the freezing of the economy been prolonged until June or if there’s another outbreak in autumn, these results would be even worse,” Łukasz Kozłowski, chief economist of the Federation of Polish Entrepreneurs (FPP) told eNewsroom.

(eNewsroom, WBJ)