Polish FinMin says 2 pct GDP growth would be 'very good result'

“Initial forecasts by the NBP (National Bank of Poland - PAP) indicate that growth will slow down to about 2 percent of the GDP, which would be a very good result compared to other EU countries,” Kościński said. Andrzej Lange/PAP

The coronavirus epidemic will certainly cut the original 3.7 percent GDP growth that Poland planned to reach in 2020, and a 2 pct economic expansion should be seen as a very good result, Finance Minister Tadeusz Kościński said in a comment for PAP on Friday.

This reduced figure takes into account Poland's recently announced 'anti-crisis shield,' worth PLN 212 bln (EUR 46.88 bln), Kościński said.

"But the actual economic growth in Poland also depends on when the coronavirus effect will stop affecting the economy," Kościński added.

"We are in the process of amending our macro forecasts. Initial forecasts by the NBP (National Bank of Poland - PAP) indicate that growth will slow down to about 2 percent of the GDP, which would be a very good result compared to other EU countries," the minister said.