Poland to see maximum GDP drop of 4.7 percent in 2020 - develop min

Poland's GDP is expected to decline by no more than 4.3-4.7 percent this year and the economy should rebound by 4-4.1 pct next year, deputy PM and Development Minister Jadwiga Emilewicz told PAP.

26.06.2020 21:45 update: 28.06.2020 19:56

Jadwiga Emilewicz. Photo PAP/Jakub Kaczmarczyk

"We assume that the moderately optimistic scenario for Poland for this year will materialise and our economy will be least impacted by the pandemic," Emilewicz said with a caveat that developments at end-year are hard to predict at the moment.

In her opinion, the economic situation is improving. "The level of consumption in Poland - when we looked at it last week - is comparable to that of January this year," Emilewicz said. She also pointed out the "relatively good" level of optimism of investors and managers in Europe. (PAP)

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