The Polish economy grew at a 5.1 percent pace in 2018, after a 4.8 percent growth in 2017, the Central Statistical Office (GUS) said on Thursday.
Global ratings agency Fitch has lowered its forecast of Poland's general government deficit to 1.7 percent from 2.2 percent of the country's GDP in 2019 and upheld, at 2.3 percent, its forecast for 2020, according to data released Friday.
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's economic growth will reach 4.0 percent in 2019, the World Bank has announced, having revised upwards its October 2018 forecast of 3.9 percent.
TFN’s editor-in-chief Dagmara Leszkowicz looks ahead to what 2019 holds in store for Poland’s economy.
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.
Morgan Stanley's analysts have upgraded Poland's GDP growth forecast for 2018 to 5.1 percent from its earlier 4.9 percent estimate.
At 5.7 percent, Poland's GDP growth in the third quarter of 2018 was highest in the EU, Eurostat reported on Wednesday. Eurostat wrote that Poland ranked among the EU's fastest-developing economies.
The strong growth comes despite economic tremors affecting some of the world’s major economies.
The European Bank of Reconstruction and Development raises its GDP estimates but adds labour market faces major changes.