Poland's economic growth will decline to minus 0.6 percent in 2020, the ratings agency Fitch said in its latest forecast, cutting its previous growth estimate of 1.8 percent.
Polish PM Mateusz Morawiecki on Twitter on Thursday wrote that the anti-crisis shield comprised projects in many fields to help make it possible for the Polish economy and enterprises to survive this unprecedented and ongoing crisis caused by coronavirus.
Following the economic slowdown due to the coronavirus epidemic, around 300,000 people working in the fashion industry in Poland may lose their jobs, according to a report by the PwC consulting firm and the Association of Polish Trade and Services Employers.
Poland's consumer inflation expectations grew to 32.5 points in March 2020 from 21.2 points in February, the European Commission's Directorate General for Economic and Financial Affairs (DG ECFIN) announced on Monday.
Since the outbreak of the coronavirus epidemic in Poland, the number of firms from the small and medium-sized enterprise (SME) sector having problems with timely payment from contractors has increased to 63 percent, according to the National Debt Register (KRD).
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.
Poland's retail sales increased, in real terms, by 7.3 percent year on year and by 0.4 percent month on month in February 2020, the Central Statistical Office (GUS) said on Friday.
Appearing on CNN tonight, PM Mateusz Morawiecki said that the plan “includes a safety net for workers, up to forty percent of the salary of an employee will be reimbursed to the company from the State budget.
Poland maintained its global position in the Economic Freedom Index, taking 46th place in the world ranking and 25th in the regional ranking, the Warsaw Enterprise Institute (WEI) said on Tuesday.
Poland's PM Mateusz Morawiecki will present a draft pact on Tuesday aimed at stabilising and securing the economy, the head of the PM's Office announced on Monday morning.
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