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.




bank pekao
witold orłowski

More News


4 days ago

'This time made me realize that some things are unnecessary': actress

13 days ago

ROBYG provides subsidies for children's holidays

21 days ago

'I would like to follow the path of Remigiusz Mróz': Patrycja Strzałkowska

25 days ago

Der Elefant Restaurant gets Tripadvisor Travelers' Choice Award 2020

Book of Lists

Book of Lists
5 months ago

25th jubilee edition of Book of Lists – project start