Poland will become Nato’s leading defence spender in 2023 in relation to its economic size owing to around 4 percent of GDP going on weapons, the newspaper Dziennik Gazeta Prawna reported.
Andrzej Duda, the Polish president, has said that the recent visit by US President Joe Biden has shown the importance of Poland's location and its strategic significance on the US map of security.
The European Bank for Reconstruction and Development (EBRD) lowers forecast for Poland's GDP growth in 2023 to 1.0 percent.
The latest GDP data show that Poland may see a "soft landing" and avoid a recession, the Finance Ministry has said.
Poland's Gross Domestic Product (GDP) increased by 2.0 percent year on year in the fourth quarter of 2022, the Central Statistical Office (GUS) reported in a flash estimate on Tuesday.
The European Commission (EC) has downgraded predicted Polish GDP growth in 2023 from 0.7 to 0.4 percent.
Poland is expanding its defensive arsenal, and plans to spend over 4 percent of its GDP on defence in 2023, Poland's president said in an interview for the French daily Le Figaro.
Poland's envoy to the United Nation said that Poland is proud to live up to its reputation of being a "superpower of solidarity" having spent 1.5 percent of its GDP on humanitarian aid for Ukraine.
The ministry said: “Russia's unprovoked and unlawful aggression against Ukraine has revealed the immediate need to increase military spending. Poland will increase expenditures for this purpose within the budget from 2.2 percent GDP in 2022 to 3 percent GDP in 2023. We believe that the watershed moment requiring a change in the EU security and defence has come and we need to put defence at the top of our priorities.”
Poland should remain a “green island” in 2023 and avoid the recession threatening other European countries, with GDP growth estimated at 1.7 percent, a deputy finance minister has told PAP.
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