Poland's GDP growth seen at ca. 2 pct in 2020 - central bank head

"We do not predict entering a recession," said Glapiński. Andrzej Lange/PAP

Poland’s GDP growth will likely slow down to slightly less than 2 percent, but no recession is envisaged this year, President of the National Bank of Poland (NBP) Adam Glapiński told a Wednesday press conference.

NBP's most pessimistic forecasts indicate Poland's GDP growth will not fall below ca. 1.6 – 1.7 percent in 2020, he said, adding that the slowdown is very serious, but not catastrophic.

"We do not predict entering a recession," Glapiński also said.

In his opinion, there will be a strong rebound in investment and consumption at a later time, and the economy will make up for the losses.

"The year 2021 should be very good, better than we previously expected," he said.