External factors will slow Polish economy: report

Polish economic growth will soon slow due to external factors, the Puls Biznesu daily has said, quoting a report by the country’s central bank.

The bank has estimated that Polish GDP will slow to 3.5 percent between 2019 and 2021, according to Puls Biznesu.

The paper quoted the bank as saying that Poland’s economy would continue to grow quickly thanks to private consumption and that salaries would continue to rise because of a strong labour market.

However, Puls Biznesu reported that the bank predicted the European Union would cut its subsidies for Poland.

The Polish central bank also expects other European countries’ economies to slow significantly, including that of Poland’s biggest trade partner, Germany.

This will result in less foreign investment in Poland, contributing to slower growth, Puls Biznesu reported.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.