Poland eyes 4% to 5% long-term GDP growth: investment minister

The target for the country is to “achieve a sustained annual GDP growth rate in the range of 4 to 5 percent in the long term,” Investment and Development Minister Jerzy Kwieciński said on Tuesday, as quoted by the PAP news agency.

Kwieciński said last week that the government’s 3.8-percent target for GDP growth this year would “without a doubt” be met.

The European Commission said in a report published earlier last week that it expected Poland’s real GDP to grow by 4.2 percent in 2018 and 3.6 percent in 2019. Those rates would be among the highest in the EU.

The Polish economy grew 5.1 percent in the final quarter of 2017, according to the country’s Central Statistical Office (GUS).

GDP growth for the whole of 2017 was 4.6 percent, the office has said.

(gs/pk)

Source: PAP