WARSAW: Poland’s economy will grow at a 3.8% rate in 2018 on 7% investment growth, up from 3.6% in the current year, the Bloomberg consensus shows. Next year’s state budget deficit is seen at 2.5% of GDP as pension reform will consume over PLN 9 billion and higher public spending on investments will weigh on public finances, the economists also predict.
Nominal wage growth will reach 6.4% in 2018 and accelerate to 6.5% in 2019, which will boost actual consumption only to a limited extent due to slower employment growth, according to Credit Agricole chief economist in Poland Jakub Borowski.
