13:21 16 February 2020
Polish GDP may drop by 1.5pp due to coronavirus
In an extremely pessimistic scenario that assumes complete and permanent blocking of trade with China due to the coronavirus epidemic, Polish GDP could fall by 1.5 percent per year, results from the analysis of the impact of coronavirus on trade in Poland and China by economists of the Santander bank.
However, they add that such a scenario is very unlikely.
According to Santander, the economic effects of the emergence of the new SARS-CoV-2 coronavirus strain in China for the global economy are still difficult to estimate and, as a result, it is difficult to reliably assess the full implications for Poland.
In 2019, domestic exports to China amounted to €2.6 billion, which accounted for 1.1 percent of Polish exports and 0.5 percent of Polish GDP.
