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4% GDP growth shows Poles are optimistic: finance minister

PR dla Zagranicy
Paweł Kononczuk 16.05.2017 12:07
First-quarter GDP growth of 4 percent shows that Poles are optimistic, investment has picked up and that the government’s economic policy is paying off, Poland’s finance minister said on Tuesday.
Mateusz Morawiecki. Photo: polskieradio.plMateusz Morawiecki. Photo: polskieradio.pl

Mateusz Morawiecki, who is also Deputy Prime Minister and Minister of Development, was speaking after the country’s Central Statistical Office said in a flash estimate that the Polish economy grew 4.0 percent in real terms year on year in seasonally unadjusted terms.

"It is very good news that GDP had markedly grown in the first quarter of 2017,” Morawiecki said.

“I am convinced that this is a result of both the high level of optimism among Poles and a picked-up pace of investment, as well as the efforts of our government which enhance investment attractiveness, innovation and the quality of GDP growth in Poland.”

He added it was “particularly important” that Polish families were benefitting from economic growth. “This is evidenced by the ability of households to increase consumer spending and the very good situation on the labour market," said Morawiecki.

He noted that unemployment has fallen to 7.7 percent.

“Such a low level has not been seen for 27 years... Poland is currently among the six EU countries with the lowest unemployment rate," he added.

(pk)

Source: PAP

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