Economy
20:27 12 March 2020
Post by: WBJ

Polish GDP may slow down even to 0% in 2020: forecasts

Polish GDP may slow down even to 0% in 2020: forecasts
Source: Pixabay

Bank Pekao lowered the forecast of Poland's economic growth for 2020 to 2.5 percent. In the pessimistic scenario, which notes the strong impact of coronavirus on the economy, the bank assumes a slowdown to 0.5 percent of GDP this year.

In turn, the Polish Economic Institute (PIE) estimates that GDP in Poland will decrease from the previously forecasted 3-3.5 percent to around 2 percent in the assumptions of the pessimistic scenario as a result of the impact of coronavirus on the economy.

Witold Orłowski, PwC's chief economic advisor in Poland, is even more pessimistic about the prospects for Polish growth. In his opinion, with a negative scenario of developments, we could see a 0% GDP growth rate in Poland at the end of this year. However - according to him - if in the second half of the year the moods calm down and the economic rebound occurs, Poland will experience a slowdown, but not a deep recession.

(ISBnews)

(ISBnews)

(ISBnews)

poland
pwc
gdp
bank pekao
pie
witold orłowski
2020

More News

lifestyle

LifeStyle
2 hours ago

‘YouTube has become a global video library during the pandemic’: Susan Wojcicki

LifeStyle
1 day ago

'My dream is to build a mini-hotel in Portugal': dancer Ewa Szabatin

LifeStyle
3 days ago

‘The pandemic has shown us that work and study are a privilege’: Dorota Szelągowska

LifeStyle
9 days ago

Kinga Sawczuk wants to promote pro-ecological attitudes

Book of Lists

Book of Lists
5 months ago

The largest Polish companies under the Book of Lists microscope! Book of Lists 2020/2021 certificates have been awarded.

Book of Lists
1 year ago

25th jubilee edition of Book of Lists – project start

advertisement