Poland to entice financial companies from City to move to Poland

Deputy Prime Minister and Development Minister Mateusz Morawiecki said that the biggest threat to the Polish economy in relation to Brexit is a "bump in foreign trade." On the plus side, Polish workers may come back home and financial institutions from London's City may move to Poland, Morawiecki stated. "Some of the financial operations will spread across continental Europe...I would like Warsaw to be one of the locations... I have meetings scheduled with financial institutions over these matters" Morawiecki said. The official also asserted that Poland will absorb returning migrants as many new workplaces are being created. Despite the negative economic effect of Brexit, the minister said Poland will keep its general government deficit in line with the European Union's (EU) ceiling of no more than three percent of GDP.   He also quoted studies, saying that Poland's GDP could fall by 0.5-1.0 percent as a fallout of Brexit.