Raising defence spending at a faster pace could compensate for the GDP drop expected in result of the COVID-19 epidemic, National Security Bureau (BBN) head Pawel Soloch said on Tuesday at a conference hosted by the Defence 24 web portal.
Poland took 32nd place in the Responsible Development Index (RDI) prepared by the Polish Economic Institute (PIE) to measure the level of development of countries as an alternative to GDP growth, PIE said on Wednesday.
S&P Global Ratings maintained its forecast for the decline in Poland's GDP at -4 percent in 2020, according to a press statement released on Wednesday.
The state budget is prepared for the crisis, and public finances are very healthy, Polish Finance Minister Tadeusz Kościński told the Economic Forum 2020, in Karpacz, southern Poland, on Wednesday.
Poland is the sixth best-coping EU economy in terms of economic contraction due to the coronavirus lockdown in the second quarter of 2020, the Development Ministry said in a Wednesday analysis.
Polish GDP may increase by as much as 7-8 percent quarter on quarter in the third quarter of 2020, while declining to 2-3 percent throughout the whole of 2020, Head of the Polish Development Fund (PFR) Paweł Borys told public broadcaster TVP Info on Tuesday.
The third and the fourth quarters of 2020 will see an economic recovery despite the difficulties connected with a second wave of the coronavirus pandemic, Deputy PM and Development Minister Jadwiga Emilewicz told private TV broadcaster Polsat News on Monday.
Polish Economic Institute (PIE) experts have revised the forecast of a decline in Poland's GDP in 2020 from -4.2 to -3.1 percent, according to the PIE's monthly magazine.
The Polish economy will contract by 4 percent in 2020 and investment will fall by 9 percent, with a 3-percent drop in consumption, Deputy PM and Development Minister Jadwiga Emilewicz told a news conference on Monday.
Poland's gross domestic product (GDP) fell by 8.2 percent year on year in the second quarter of 2020, the Central Statistical Office (GUS) reported in Monday, in line with an earlier flash estimate.
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