Santander BP: weaker growth in Germany will not threaten Polish exports

The gap in economic activity between Poland and Germany may last for another year due to strong domestic demand, which will be supported by the fiscal package, according to analysts from Santander Bank Polska. In their opinion, the gap could start to shrink due to the rebound in Germany.

In its latest German GDP growth estimate, the European Commission lowered the 2019 forecast to 0.5 percent (from 1.1 percent). However, the demand for Polish goods remains strong. Germany shields Poland from a significant slowdown in exports, Santander BP’s report reads.

(ISBnews)