PM says Poland's economy can expand by over 3 pct

The prime minister made the statement during a visit to the Marco packaging and labelling plant in Gliwice, southern Poland. Hanna Bardo/PAP

Polish Prime Minister Mateusz Morawiecki said on Tuesday that despite the ongoing global economic slowdown, Poland's GDP had a chance to increase by around 3.3 percent this year and in 2021.

The prime minister made the statement during a visit to the Marco packaging and labelling plant in Gliwice, southern Poland.

Recalling the EC forecasts, according to which Poland's economy will grow by 3.3 percent in 2020 and 2021, PM Morawiecki said they were "highly feasible." He admitted that this would be very strong growth at a time of global economic slowdown.

The PM congratulated all businesspeople and employees on the good condition of the Polish economy and expressed his hope that soon "there will be no more debates about an economic slowdown around us and that we will start taking about an economic acceleration even though the Chinese coronavirus is not helping us since the entire world is looking at what can happen in China."

Speaking about the recent macroeconomic data published by Poland's Central Statistical Office (GUS), the prime minister said that Poland recorded a 1.1-percent current account surplus, and that the current account was proof of the economy's competitiveness. "Never before have we received such good data," he noted.

PM Morawiecki said that Poland could not have achieved such successes without companies like Marco, and praised their ambition. He also spoke about the Polish national airline LOT, which recently bought a 25-percent share in the German charter aviation market.

"These are successive data showing the strength of the Polish economy. A foreign trade surplus, a current account surplus, strong GDP growth this year and a strong one next year - all this shows the optimism of the Polish economy and the optimism of Polish businesspeople," he noted.

"When I look at the ambition of such companies as Marco and at its employees, I believe that there are no development limits facing Poland. We can conquer the markets of the most competitive companies from around the world," he said, recalling that the Gliwice-based plant had such clients as Volkswagen or Porsche.

"We show here, in Gliwice, how to manufacture high-quality products," Morawiecki said, underlining that people, who are paid ever better and who are ever more committed, are the foundation of the Polish economy.

"This is the core of the Responsible Development Plan: employees should earn more and more, and give more to their employers and companies," he said.

"The Polish trademark has been more often globally recognised as a trademark of high-quality products and services. It is obvious that Poland has an ever better balance of trade and payments. Owing to this, Polish economic growth in not endangered and the budget is in a good condition," he said, adding that all this makes it possible to be optimistic about the future.