Poland's GDP to grow by 4.7 pct in 2018 - World Bank report

Poland's GDP growth is expected to reach 4.7 percent in 2018, 3.9 percent in 2019 and 3.6 percent in 2020, the World Bank wrote in a Wednesday-published report raising its April respective estimates of 4.2, 3.7 and 3.5 percent.

Poland's budget deficit may reach 1.6 percent in 2018 and get closer to 2 percent by 2020, mainly due to growing welfare expenditures and the lowering of the retirement age.

The growth will continue to be supported by private consumption and investment as well as government spending, according to the World Bank.