Poland's Finance Ministry expects the country's economic growth to rebound by 4-4.5 percent in 2021, which is much in line with the forecast issued by the European Commission (EC), Finance Minister Tadeusz Koscinski said on Thursday.
Poland has chances to come out of the coronavirus epidemic-caused economic slowdown in good shape, Finance Minister Tadeusz Koscinski said in a Saturday interview for the Nasz Dziennik daily.
Poland supports the economic and financial priorities of Germany's EU presidency, Polish Finance Minister Tadeusz Kościński said after an informal meeting of the Ecofin Council, the EU's economy and finance ministers, on Friday.
The value of Polish trade on the internet in 2020 may exceed PLN 100 bln (EUR 22.4 bln), Finance Minister Tadeusz Kościński was quoted on Twitter as saying by the ministry.
The Polish budget's liquidity is positive despite the extraordinary relief and support spending due to the coronavirus crisis, Finance Minister Tadeusz Koscinski told the Gazeta Polska Codziennie newspaper.
Finance Minister Tadeusz Kościński said the creation of a fund could be used to combat a recession that is predicted to sweep across the EU. EU should create a recession-fighting fund by giving itself tax-raising powers and by putting big global companies in the taxation cross-hairs.
Every month of the national lock-down in the face of the coronavirus threat takes away 2 percentage points from Poland's GDP growth rate, Finance Minister Tadeusz Kościński said on Thursday.
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.
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.
The governor of the National Bank of Poland (NBP), Adam Glapiński, said on Thursday that there will be no recession in Poland, but admitted that there will be an economic slowdown.
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