GDP

GDP growth in 2020 may reach 0-0.5 pct if crisis ends in May - FinMin

"If we come out of this crisis by the end of May I think we will still be on 0-0.5 percent, positive," Koscinski said. Andrzej Lange/PAP

In the positive scenario that the ongoing coronavirus crisis is over by the end of May, Polish GDP growth in 2020 might reach 0-0.5 percent, Finance Minister Tadeusz Kościński told public radio on Thursday.

Fitch slashes Poland's growth forecasts, predicts recession

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.

Poland's general gov't deficit at 0.7 pct of GDP in 2019 - stats office

The Polish general government deficit reached 0.7 percent of the country's GDP in 2019, which compares to a 0.2 percent deficit in the previous year, the Central Statistical Office said in a preliminary estimate on Wednesday.

Fitch rating agency gives Poland thumbs up despite global economic turmoil

Agency’s positive rating reflects the strength and resilience of the Polish economy.

Poland's borrowing needs below 5 pct of GDP in 2020 - agency head

The Polish government's borrowing needs will not exceed the 4-5 percent of GDP range, Paweł Borys, head of the Polish Development Fund (PFR), said in a video conference on Thursday.

Labour market will face huge redundancies due to coronavirus - daily

Over a million people may lose their jobs if the Polish government does not take countermeasures to help companies which are suffering due to the coronavirus epidemic, the Rzeczpospolita daily wrote on Tuesday.

Poland’s GDP likely to decline q/q in Q2, recover in H2 – dep fin min

According to a baseline scenario, Poland’s GDP will decline q/q in the second quarter of 2020 without a y/y decline, but the scenario of a y/y decline cannot be fully ruled out, Deputy Finance Minister Leszek Skiba told Dziennik Gazeta Prawna on Monday.

Polish FinMin says 2 pct GDP growth would be 'very good result'

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.

‘Coronavirus is an earthquake for our economy but we have a bold and effective plan’ PM tells CNN’s Richard Quest

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.

Fitch cuts Poland's 2020 growth forecast to 1.8 pct

Global ratings agency Fitch, in its report on Thursday, stated that it had cut the GDP growth forecast for Poland to 1.8 percent in 2020 from the previously expected 3.3 percent.

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