Polish Deputy Finance Minister Piotr Nowak has met online with Vice-President of the World Bank for Europe and Central Asia Anna Bjerde to discuss current and future cooperation between Poland and the World Bank.
The World Bank has upgraded Poland's expected economic growth figures for 2020, forecasting a 3.9 percent GDP drop instead of a 4.2 percent decline predicted in June.
The research compiled by British analysts NimbleFins collated data from sources such as the OECD, World bank, Eurostat and the World Economic Forum.
A mere 4 percent of Poland's companies said they had to make redundancies, according to the 'COVID-19 Business Pulse Survey - Poland' carried out by the World Bank and the Polish Agency for Enterprise Development (PARP).
Poland has changed in an unimaginable and unprecedented positive way because the government has been supporting families, said Deputy Prime Minister and Minister of Development Jadwiga Emilewicz in Kalisz, central Poland, on Sunday.
The Polish economy will contract by 4.2 percent in 2020 and the country will see economic growth again in 2021, at 2.8 percent, the World Bank said in its latest report on Monday.
Despite 2020 seeing a slump to 0.4 percent, the World Bank says it foresees a better 2021, where they believe the growth rate will reach about 2 percent.
Purchasing power parity in Poland is now about three-times higher than it was in 1990.
Poland's economic growth is expected to reach 4.3 percent in 2019 driven by private consumption and higher investments, the World Bank has said in a report, having revised upwards its April 2019 forecast of 4.0 percent.
Poland was only outperformed by Romania with 5.1 percent growth and Hungary with 5.2 percent growth in the first quarter of 2019.
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