Good news for Poland! The European Commission has raised its forecast for Polish GDP growth this year to 4.6% from an earlier estimate of 4.3%.
Brussels maintained its projection that the Polish economy would grow 3.7% in 2019. It also predicted inflation this year would stand at 1.3%, rising to 2.6% in 2019 – slightly lower than previous estimated.
As reported by Radio Poland online, Poland’s investment and development minister last month announced the country’s economy is set to grow over 4% this year.
Jerzy Kwieciński said he expects GDP growth in the second quarter to be close to the 5.2% in the first three months of this year.
According to Poland’s Central Statistical Office, the country’s GDP grew 4.9% in the final quarter of 2017 and expanded 4.6% in 2017 as a whole.