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 Fitch ratings agency on Monday maintained Poland's GDP growth forecast at -3.2. percent in 2020 and at 4.5 percent in 2021.
Poland might benefit from a change in trade routes after the coronavirus pandemic, according to experts from the Polish Economic Institute (PIE) who believe the country might gain over USD 8 bln annually through production being moved from China.
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.
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.
Poland will suffer a maximum drop of 5 percent of its GDP in 2020 due to the coronavirus crisis, but the country's economy will rebound by 4-5 percent in 2021, Finance Minister Tadeusz Koscinski told PAP.
Organisation reports GDP shrank by 0.5 percent in the first four months of year.
Data from the European Commission and the European Bank for Reconstruction and Development show that Poland will have the smallest decrease in GDP of all EU countries due to the coronavirus pandemic, PM Mateusz Morawiecki told a local TV broadcaster on Wednesday.
Poland's economy will shrink by 7.4 percent in 2020 and will rebound by 4.8 percent next year provided that there is only one wave of the coronavirus pandemic, the Organisation for Economic Co-operation and Development (OECD) said on Wednesday.
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