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Polish economy to grow over 3% this year: Deputy PM

PR dla Zagranicy
Paweł Kononczuk 01.02.2017 13:00
The Polish economy is set to grow over 3 percent this year, Deputy Prime Minister and Finance Minister Mateusz Morawiecki said on Wednesday.
Mateusz Morawiecki. Photo: PAP/Jacek Turczyk Mateusz Morawiecki. Photo: PAP/Jacek Turczyk

"I am very pleased that we are moving in a very positive direction and growth this year (...) will not only exceed 3 percent but it will be very solid and will be based on investment," Morawiecki told reporters.

Morawiecki said that after a slowdown in investment last year, the final quarter of 2016 had seen a rebound, while the PMI was the best in two years.

He was speaking after the Central Statistical Office said on Tuesday in a preliminary estimate that the Polish economy grew 2.8 percent last year in real terms. Polish GDP grew 3.9 percent in 2015.

Analysts approached by the PAP new agency had said they expected a GDP growth figure of 2.7 percent for last year.

Poland’s 2017 budget is based on a forecast of 3.6 percent GDP growth this year.

Poland’s Purchasing Managers' Index (PMI) rose to 54.8 points in January from 54.3 points in December, according to Markit, a provider of financial information services.

(pk)

Source: PAP

tags: GDP growth
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