Polish economy could rebound strongly in second half of 2021: PM

The Polish economy could rebound strongly in the second half of this year after being dented by the coronavirus crisis, Prime Minister Mateusz Morawiecki said on Thursday.

PM Mateusz Morawiecki seen on screen as he addresses a business forum on Thursday.

PM Mateusz Morawiecki seen on screen as he addresses a business forum on Thursday. Photo: PAP/Marcin Obara

Speaking during the second day of a high-profile business forum called Congress 590, Morawiecki said the government had saved over 5 million jobs amid the COVID epidemic, while Poland had the lowest unemployment in the European Union.

„We have created mechanisms that not only serve survival, but also allow us to believe that there will be a strong rebound in the second half of this year,” he said.

’Investment offensive'

„Now It’s time to move from defence to an investment offensive,” Morawiecki added.

Polish deputies on Tuesday approved a bill needed to unlock a stream of cash from Brussels, including money to help the economy bounce back from the coronavirus crisis.

The legislation is essential for the country to receive more than EUR 23 billion in subsidies and over EUR 34 billion in loans from the European Union’s massive COVID-19 recovery fund.

The Polish economy shrank 2.7 percent last year after growing 4.7 percent in 2019, according to the country’s Central Statistical Office.

(pk)

Source: PAP

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