According to the Commission's spring economic forecast, the Polish economy will contract by 4.3% this year. This is the least of all EU countries.

The Commission expects the Polish economy to recover next year and the Gross Domestic Product to grow by 4.1 percent. In its February winter forecast, Brussels predicted that GDP growth for Poland this year and next year will be 3.3%.

The European Commisssion forecasts the weakest fall in GDP this year for Poland, compared to other EU member states.

Spring details of the European Economic Forecast 2020👉https://ec.europa.eu/commission/presscorner/detail/en/ip_20_799
- European Commission (@EUinPL) May 6, 2020

A major blow to the EU economy

In its communication, the European Commission stressed that this year the EU economy will be hit by a historically high recession. The authors of the document pointed out that the forecast is risky, as it may turn out that the coronavirus will have a longer-term impact on the economy.

Unemployment in Poland upwards, but without inflation jumping

In the published document, the Commission expects unemployment in Poland at the end of the year to reach 7.5 percent, to fall to 5.3 percent in 2021. The average annual inflation is expected to be 2.5 percent this year and 2.8 percent next year.

The forecast presented by Brussels assumes that the economy of the EU as a whole will contract by 7.4 per cent this year and grow by 6.1 per cent next year.

In its communication, the European Commission stressed that this year the EU economy will be hit by a historically high recession. The authors of the document pointed out that the forecast is risky, as it may turn out that the coronavirus will have a longer-term impact on the economy.
 

Source: https://www.polskieradio.pl/42/273/Artykul/2505205,Polska-gospodarka-najlepiej-w-UE-poradzi-sobie-ze-skutkami-kryzysu-Znamy-prognozy-KE

 

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