"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.
The EC Commissioner for Economic and Financial Affairs, Taxation and Customs described on Tuesday the upgrading of Poland's economic growth forecast for 2019 as spectacular and added that the fiscal stimulus, or increased public outlays, were the chief reason.
In January this year Polish exports grew faster than imports for the first time since May 2018, Entrepreneurship and Technology Minister Jadwiga Emilewicz said on Tuesday commenting data released earlier by the Central Statistical Office (GUS).
TFN’s editor-in-chief Dagmara Leszkowicz looks ahead to what 2019 holds in store for Poland’s economy.