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.
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.
Portfolio Advisor for East Capital, Eglé Fredriksson says despite Poland becoming the seventh largest economy in the EU with GDP at EUR 524 billion, and GDP per capita rising almost eightfold to EUR 13,558, little is being reported about this abroad.
This year Poland’s GDP will exceed $600 billion for the first time in history.
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.
The Organisation for Economic Cooperation and Development (OECD) has upgraded Poland's economic growth forecast to 4.2 percent in 2019 from 4.0 percent expected earlier.
Poland was only outperformed by Romania with 5.1 percent growth and Hungary with 5.2 percent growth in the first quarter of 2019.
The Polish gross domestic product grew by 4.6 percent year on year in the first quarter of 2019, according to a Central Statistical Office (GUS) flash estimate published on Wednesday.