Polish GDP to slow to about 3% over medium term: World Bank

Polish economic growth is likely to slow to about 3.0 percent over the medium term, the World Bank has said in a report.
Photo: image4you/pixabay.com/CC0 Creative Commons
Photo: image4you/pixabay.com/CC0 Creative Commons

“Poland’s economic fundamentals are solid, with strong growth accompanied by low inflation and relatively low levels of public debt, but record low unemployment and strong wage growth suggest that the economy could be operating close to its potential,” the World Bank said.

Medium-term growth prospects “will most likely be shaped by labour market and productivity drivers,” the report added.

“Over the medium term, growth is expected to gradually moderate towards potential growth rates of about 3.0 percent, supported by EU-funded investments, growth in capital accumulation, and moderate TFP (Total Factor Productivity) gains.”

The Polish economy grew 5.2 percent in the first quarter of this year, the country’s Central Statistical Office (GUS) said at the end of last month.

(pk)

Source: PAP/worldbank.org

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