If Poland maintains the economic growth rate it enjoyed in 1990-2018, it will catch up with Germany in 21 years' time, according to a report by the Warsaw School of Economics (SGH) presented at the 29th Economic Forum in Krynica, southern Poland, on Tuesday.
With a new decade approaching, the report by American management consulting firm McKinsey in association with Forbes magazine considers two scenarios for the Polish economy: a baseline scenario and an optimistic one.
Investment in Poland as a share of GDP is relatively low compared to other EU countries, the report shows. In 2017, gross spending on investment in Poland in relation to GDP was 88.1% of the EU average – lower than in other countries in Central and Eastern Europe.
Poland is the leader of growth in Europe, Minister of Entrepreneurship and Technology Jadwiga Emilewicz said at a Thursday press conference pointing out that Polish GDP will grow by 5.2 percent this year.
Global ratings agency Fitch has raised its GDP growth forecast for Poland to 5.1 percent in 2018 from the previously expected 4.8 percent.
The key challenge for Poland's economy is to maintain a high, lasting pace of economic growth, Finance Minister Teresa Czerwińska said on Monday.