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.
Poland's consumer inflation expectations grew to 32.5 points in March 2020 from 21.2 points in February, the European Commission's Directorate General for Economic and Financial Affairs (DG ECFIN) announced on Monday.
The value of Poland's pharmaceutical market grew by 9.7 pct y/y and fell by 2.2 pct m/m to PLN 3.34 bln (EUR 734.2 mln) in February, 2020, according to a report by pharmaceutical researcher PEX PharmaSequence.
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.
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.
Poland's Harmonised Index of Consumer Prices (HICP) rose by 4.1 percent year on year in February 2020, up from the 3.8 percent growth the previous month, the European Union's statistics office, Eurostat, reported on Wednesday.
Polish Economic Institute analysts fear that, in a pessimistic scenario, the coronovirus epidemic will lower Poland's economic growth in 2020 by 1.3 percentage point to around 2 percent.
The Polish economy grew by 3.2 pct year on year in the fourth quarter of 2019, down from a 3.9 pct growth in the third quarter, the Central Statistical Office (GUS) said on Friday. In its earlier flash estimate, GUS put the Q4 growth rate figure at 3.1 pct.
The value of Poland's pharmaceutical market will grow to PLN 38.5 billion (EUR 8.9 billion) in 2020, up by 3.7 percent on the previous year, according to a report by PEX PharmaSequence, a company monitoring the market.
Poland's Harmonised Index of Consumer Prices (HICP) rose by 3.8 percent year on year in January 2020, up from the 3.0 percent growth the previous month, the European Union's statistics office, Eurostat, reported on Friday.