IMF forecasts prove Polish gov't supports growth - PM
The International Monetary Fund's (IMF) upgrade of the economic growth for Poland for 2019 and the parallel downgrade of the inflation projection proves that the government policy supports dynamic growth, PM Mateusz Morawiecki wrote on Twitter on Thursday.
"The International Monetary Fund has raised the GDP forecasts for Poland in 2019 to 3.8 pct from 3.5 pct, and also lowered the CPI inflation forecast to 2 pct. The unemployment rate will also be record low. It is yet another proof that our policy supports dynamic economic growth," the prime minister tweeted.
In its April edition of the World Economic Outlook, published on Tuesday, the IMF estimated that the Polish economy will grow by 3.8 percent in 2019, up from the 3.5 percent expected earlier. In 2020, the GDP growth is to decline to 3.1 pct.
According to the IMF, Poland will be the fastest-growing economy in the region in 2019.
The expected CPI rate was lowered to 2.0 percent in 2019 from the 2.8 percent predicted earlier. In 2020, prices of consumer goods and services will grow by 1.9 percent, according to the IMF.
Unemployment in Poland is to reach 3.6 percent this year and 3.5 percent in 2020, which compares to 3.8 percent recorded last year, the IMF also said.