WARSAW: The Polish economy is set to grow 3.4 percent this year, Poland’s development and finance minister said on Wednesday.
The forecast by Mateusz Morawiecki is in line with previous estimates by the finance ministry. According to Morawiecki, in 2017 the Polish economy will grow 3.6 percent, although the draft budget envisioned a GDP growth rate of 3.8 percent next year. At the beginning of October, the International Monetary Fund lowered its forecast for Polish GDP growth in 2016 to 3.1 percent from 3.5 percent.
The forecast for 2017 has been lowered to 3.4 percent from the 3.7 percent growth projected in an earlier report. In its October World Economic Outlook report, the IMF said that “Hungary’s and Poland’s [inflation] rates are projected to recover slowly from very weak levels in 2015.”
