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Polish 2018 GDP growth proved doubters wrong: PM

PR dla Zagranicy
Paweł Kononczuk 06.02.2019 14:40
Prime Minister Mateusz Morawiecki said on Wednesday that Poland’s estimated 5.1 percent GDP growth last year was among the best results in Europe and had proved doubters wrong.
PM Mateusz Morawiecki. Photo: PAP/Leszek SzymańskiPM Mateusz Morawiecki. Photo: PAP/Leszek Szymański

Morawiecki said Poland had "macroeconomic stability, growing productivity, improvements to infrastructure.”

He added that “the prospects for growth are still very promising."

Speaking during a visit to a baked goods company in Małopole, north-east of Warsaw, he said: "In 2018, the Polish economy showed how strong it was,” notching up one of the best results in Europe.

“Again we surprised all those analysts, the doubters who predicted that [the results] would be weaker," Morawiecki added.

The Polish economy grew 5.1 percent in 2018, the country’s Central Statistical Office (GUS) said in a flash estimate last month.

In 2017, Poland’s gross domestic product expanded by 4.8 percent, according to the office.

Polish President Andrzej Duda in late January signed into law the country’s budget for 2019, which expects the economy to grow 3.8 percent, with inflation targeted at 2.3 percent.

The International Monetary Fund has forecast in a new report that Poland's economic growth will gradually slow from 3.6 percent in 2019 to 2.8 percent in 2021-2023.


Source: PAP

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