Poland targets 3.7% GDP growth, 2.5% inflation in 2020
PR dla Zagranicy
The Polish economy is expected to grow 3.7 percent and inflation is seen averaging at 2.5 percent next year under a set of budget targets adopted by the country's government.
Prime Minister Mateusz Morawiecki (centre) meets with his Cabinet ministers in Warsaw on Tuesday. Photo: PAP/Tomasz Gzell
Total employment nationwide is expected to rise by 0.5 percent in 2020 and government-sector wages are seen increasing 6 percent under the key macroeconomic indicators adopted by Poland’s conservative government on Tuesday.
The country's unemployment rate, meanwhile, is expected to fall to 5.1 percent at the end of 2020, down from 5.5 percent at the close of this year and 5.8 percent at end-2018, state news agency PAP reported.
The macroeconomic indicators endorsed by the government on Tuesday accord with figures earlier sent to Brussels, a spokesman for the finance ministry, Paweł Jurek, said, as cited by public broadcaster Polish Radio’s IAR news agency.
The government has until September 30 to come up with the final draft of the country’s budget for next year and submit it to parliament, the news agency reported.
Source: IAR, PAP