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Polish 2017 GDP growth expected at 4.2%: EC

PR dla Zagranicy
Victoria Bieniek 09.11.2017 11:38
Brussels expects Polish GDP growth of 4.2 percent in 2017, raising its forecast from May by 0.7 percentage points.
Photo: Narodowy Bank Polski/Flickr (CC BY-ND 2.0)Photo: Narodowy Bank Polski/Flickr (CC BY-ND 2.0)

According to the European Commission’s latest forecast, 2018 GDP growth will stand at 3.8 percent.

The European Commission said a general government deficit of 1.7 percent of GDP is expected in Poland in 2017 and 2018. In May, the commission predicted 2.9 percent for 2017.

According to the commission, “faster wage growth, moderate employment gains and strong consumer confidence are set to sustain private consumption as the main growth driver”.

Brussels also said that a higher use of European Union funds would see more investment activity in Poland, while low unemployment and few vacancies in the job market would see prices grow, especially in the services sector. (vb)

tags: GDP growth
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