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Polish GDP to grow more than 4% this year: deputy minister

PR dla Zagranicy
Paweł Kononczuk 30.10.2017 15:02
The Polish economy will grow "significantly" more than 4% this year, Deputy Development Minister Jerzy Kwieciński said on Monday.
Photo: geralt/pixabay.com/CC0 Creative CommonsPhoto: geralt/pixabay.com/CC0 Creative Commons

The budget was based on an assumption that GDP would grow 3.6% this year, Kwieciński noted.

“We can confidently say that this forecast will be significantly exceeded this year ... In my opinion it will be significantly above 4%," he told reporters.

The Polish economy grew 3.9% in the second quarter of this year, slightly down from 4% year-on-year expansion in the first three months.

The World Bank forecast in a report published earlier this month that Polish economic growth would accelerate to 4% this year as a whole from 2.7% in 2016.

“Our economy is accelerating,” Kwieciński said.

“We already know, from other indicators, that growth in the third quarter will be significant,” he added.

“This is attributable in large part to the state of Polish industry, the construction and assembly sector, which has seen record rises in recent years.”

(pk/gs)

Source: PAP

tags: economy, gdp
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