Polish exports to grow up by 7% in 2016 - Development Ministry

Poland's exports could grow by up to 7 percent over the whole of 2016, Polish Deputy Development Minister Jerzy Kwieciński announced on Wednesday. "Our exports are rising. We expect them to rise this year by around 6-7 percent. I think that this is achievable," Kwieciński said. However, Kwieciński said that Brexit may hurt the Polish economy, pointing out that the UK is Poland’s second most important trade partner in the EU. "Our forecasts concerning GDP growth were a bit too optimistic. I hoped that it would exceed 4 percent but there have been unexpected events. We currently still don’t know to what extent Brexit will impact our economy,” deputy minister added. According to Kwieciński, in a worst-case scenario, Brexit could cost Poland 0.5 to 1 percent of GDP. Kwieciński expressed hope that the impact this year will be minimal, as the UK is not expected to start the process of leaving the EU until next year.