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Polish GDP growth to hit 4.2% in 2018: World Bank

PR dla Zagranicy
Grzegorz Siwicki 27.04.2018 13:31
Poland’s economy will expand by 4.2 percent this year, a solid growth rate fuelled by private consumption and investment, the World Bank has said in a new report.
Image: geralt/pixabay.com/CC0 Creative CommonsImage: geralt/pixabay.com/CC0 Creative Commons

The bank said it expected Poland’s GDP to grow 3.7 percent in 2019 and 3.5 percent in 2020.

It listed labour force shortages, large social spending and demographics among the key challenges for the Polish economy.

The World Bank in January upgraded Poland's 2018 GDP growth forecast to 4 percent from a previous projection of 3.6 percent.

The bank said at the time that the upgrade reflected stronger-than-expected growth in the eurozone, which supported Poland’s exports. It also noted that unemployment in Poland was at a record low and that rising wages were fuelling consumption.

Earlier this month the International Monetary Fund revised upward its forecast for Poland’s economic growth this year and next.

In its latest World Economic Outlook report, the IMF said it expected Polish GDP to grow 4.1 percent in 2018 and 3.5 percent in 2019.


Source: PAP

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