Poland’s upbeat GDP growth forecasts in part due to wage hikes: deputy FinMin
PR dla Zagranicy
Poland’s upbeat economic growth forecasts are in part due to rising wages, Deputy Finance Minister Leszek Skiba said on Friday.
Photo: geralt/pixabay.com/CC0 Creative Commons
On Thursday, the European Commission revised upward its forecast for Polish GDP growth this year to 4.2 percent, from an earlier projection of 3.5 percent.
The revision is due to factors including an improved financial situation of the Polish population, Skiba said, as quoted by Polish Radio’s IAR news agency.
Poland’s economic growth is chiefly fueled by private consumption on the back of encouraging labour market trends and growing wages, according to Skiba.
Investment is also likely to kick in soon as a solid component of economic growth, he added.