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GDP up by 3.6% due to 500+ child program

16:57

American bank, Morgan Stanley 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 in preparing the bill. "Poles get extra money in hand - across the economy several billion dollars per year. Perhaps some companies are therefore opting for new investments to increase production capacity. Perhaps some companies are employing new staff," the company reports. Morgan Stanley is an American multinational financial services corporation that operates in 42 countries with more than 1,300 offices and 60,000 employees.

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