Leading Portuguese weekly 'Expresso,' predicting recession in Europe, has pointed to Poland as a "world leader in economic growth" among developed countries, pointing out that since 1992, only Australia has kept up with Polish GDP growth.
"Poland is ready for a global economic slowdown. Poland's GDP growth should visibly drop to below zero to make our deficit come close to the EU limit," the Deputy Finance Minister Leszek Skiba told the Dziennik Gazeta Prawna daily on Thursday.
Leading German business daily Handelsblatt, which literally translates as ‘commerce paper,’ on Tuesday has written of the Polish economic miracle.
Poland's largest lender by assets, PKO BP, has maintained the forecast of Poland's economic growth at 4.6 pct in 2019 and slightly raised its forecast for next year to 3.7 percent, PKO BP's chief economist, Piotr Bujak, said on Thursday.
"Private consumption is expected to strengthen in the second half of 2019 and in early 2020, as new fiscal transfers and tax cuts increase household disposable income, the European Commission said.
Global ratings agency Fitch has raised its GDP growth forecast for Poland to 4.2 percent in 2019 from the previously expected 4.0 percent.
This year Poland’s GDP will exceed $600 billion for the first time in history.
The Polish economy grew by 4.7 percent year-on-year in the first quarter of 2019, the Central Statistical Office (GUS) said on Friday.
Poland's economy could expand by as much 4.6 percent in 2019, rather than the 4.2 percent forecast before, analysts of Poland's largest lender by assets PKO BP wrote in their latest quarterly report.
The Organisation for Economic Co-operation and Development (OECD) is yet another institution that has appreciated Poland's economic policy, PM Mateusz Morawiecki wrote on Twitter on Wednesday.
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