WARSAW: The Polish government approved macro assumptions for next year’s budget, including 3.8% annual GDP growth and 1.7% average annual inflation, the PM’s chancellery said on Tuesday.
Economic growth will be mainly driven by domestic demand, the government expects. Private consumption is seen accelerating to 3.7% from 3.4% in 2015, while private investments growth will likely rise to 7.6% from 6.6% in 2015.
The share of net exports in the GDP will continue to increase but at a slower pace, the assumptions reads. Real exports growth is seen at 5.9% next year vs. 5.7% this year. Real imports growth is seen at 6.9% in 2015 and 6.1% in 2016. The unemployment rate at end-year is expected to come down to 9.8% from 10.5% expected at end-2015. The document with basic budget assumptions is to be sent to the trilateral commission by June 15.
