Poland has chances to come out of the coronavirus epidemic-caused economic slowdown in good shape, Finance Minister Tadeusz Koscinski said in a Saturday interview for the Nasz Dziennik daily.
Poland supports the economic and financial priorities of Germany's EU presidency, Polish Finance Minister Tadeusz Kościński said after an informal meeting of the Ecofin Council, the EU's economy and finance ministers, on Friday.
Poland's GDP will record the lowest decline in the EU, says the EC, and Eurostat reports that Poland has the second lowest unemployment. Poland's forecast for 2021 shows that it will soon exit the short-term economic slowdown, PM Mateusz Morawiecki wrote on Facebook.
Poland's GDP will grow by 5 pct in the third quarter of the year, Paweł Borys, head of the state-run Polish Development Fund (PFR) told a press conference on Tuesday.
The Polish economy will shrink by 4.6 percent in 2020 and will expand by 4.3 percent in 2021, as the HICP inflation declines to 2.7 percent in 2020 and edges up to 2.8 percent in 2021, the European Commission (EC) said in its Spring 2020 Economic Forecast.
The Leading Economic Indicator (WWK), which forecasts future economic activity in Poland, went up by 9 points m/m to 144.3 points in June 2020, the Bureau for Investments and Economic Cycles (BIEC) said on Friday.
Prime Minister Mateusz Morawiecki on Tuesday said that the scale of the amendment of the 2020 budget law would most likely be smaller in size.
Polish companies received PLN 100 billion (EUR 22.46 billion), some 5 percent of the country’s GDP under the government anti-crisis shield scheme launched 100 days ago.
Poland's retail sales decreased in real terms by 7.7 percent year on year and rose by 14.9 percent month on month in May 2020, the Central Statistical Office (GUS) said on Monday.
Next year, Poland's GDP growth will accelerate to nearly 4 percent, faster than in countries of Western Europe, Deputy Prime Minister and Development Minister Jadwiga Emilewicz told the Gazeta Wyborcza daily on Monday.