23:05 20 August 2019
Poland will withstand slowdown thanks to social programs
Social programs and investments will effectively shield Poland from an economic slowdown, Minister of Investment and Development Jerzy Kwieciński told Radio Station 1. He added that according to OECD Poland will be the forth fastest growing economy in the world in 2019, after India, China and Indonesia.
Kwieciński stated that GDP growth in Q2 amounted to 4.4 percent, which is four times larger than economic growth in the euro area and three times the average EU growth. Similarly to Q1, consumption and investment have remained the main economic drivers in the second quarter. “I expect that [investment] growth will be at 8-10 percent y/y,” he said.
(PAP)
