Morawiecki: “We are dealing with a cyclical slowdown”

Concerns regarding Poland’s lower-than-expected economic growth during Q3 can be attributed to a European, as well as an international, downturn in economic growth, Polish Deputy PM and Minister of Finance Mateusz Morawiecki told the Polish press on Thursday. “We are (still) one of the fastest-expanding economies in the EU,” he reassured reporters. Morawiecki alluded to the possibility of Brexit having contributed to the decline in Poland’s GDP growth, which, at 2.5 percent, was about half-a-percentage point lower than had been expected. Many economic experts claim that maintaining a relatively high level of GDP growth in Poland is essential in the coming year, as the country depends on economic growth to offset its large increases in its infrastructure and social spending.