Poland will have smallest drop in GDP of any EU country - PM

"Eighty percent of companies receive it (financial support - PAP) within 24-36 hours, this is a fast-moving pace," Morawiecki said. Leszek Szymański/PAP

Data from the European Commission and the European Bank for Reconstruction and Development show that Poland will have the smallest decrease in GDP of all EU countries due to the coronavirus pandemic, PM Mateusz Morawiecki told a local TV broadcaster on Wednesday.

Speaking on the Siedlce, eastern Poland, local television channel TV Wschód, Morawiecki said that the Polish government was not indifferent to the situation of entrepreneurs during the times of the coronavirus epidemic and had prepared support under the financial shield with a view to saving jobs.

"Eighty percent of companies receive it (financial support - PAP) within 24-36 hours, this is a fast-moving pace," Morawiecki said. He also added that, in France and Spain, unemployment figures had risen by hundreds of thousands, whereas "in Poland, unemployment is rising very little."

Morawiecki admitted that in the coming months and quarters things will certainly not be easy. "But I can already see that there is a path of development ahead of us that others envy. Data from the European Commission and the European Bank for Reconstruction and Development show that Poland will suffer the least in Europe and have the lowest drop in GDP of any country (in the EU - PAP) including Great Britain, including Norway and Switzerland, which do not belong to the EU. The whole of Europe will have lower economic growth than Poland or a greater economic decline than in Poland," he said.