European Commission revised GDP forecasts for Poland to 3.2 percent in 2017 (down from 3.4) and to 3.1 percent in 2018 (down from 3.2 percent).
“The economy is expected to gather momentum in 2017 and 2018 as investment gradually recovers from a substantial contraction in 2016. Private consumption is set to remain the main growth driver, and the labour market is expected to tighten further. Costs from a lowering of the statutory retirement age are set to add to the widening of the budget deficit,” the latest EC projections said.
According to the forecast, Polish economy grew by 2.8 percent last year, …read more
Source: Warsaw Business Journal