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Polish gov't adopts economic assumptions for 2018 budget

PR dla Zagranicy
Victoria Bieniek 06.06.2017 15:10
The Polish government has adopted assumptions for the 2018 budget, which expects the economy to grow 3.8 percent, with inflation at 2.3 percent and unemployment at 6.4 percent.
Photo: pixabay.comPhoto: pixabay.com

“The basic factor of growth will be private domestic demand, supported by an expected acceleration in public investment funded by the European Union,” a government statement said, adding that GDP growth is projected to speed up in 2018 from the 3.6 percent expected in 2017.

The statement said that employment in Poland would grow by 3.2 percent this year and a further 0.8 percent next year, while already record-low unemployment is expected to continue to fall gradually.

“It is predicted that after a period of deflation in 2015-2016, from 2017 average annual changes in inflation will gradually head towards the target set by the National Bank of Poland," Poland’s central bank, the statement said.

The government expects 1.8 percent inflation this year and 2.3 percent in 2018. (vb/pk)

Source: PAP

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