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bne March 2021 New Europe in Numbers I 71
Poland’s recession “one of the world’s mildest,” PM Morawiecki boasts
bne IntelliNews
The COVID-19 (coronavirus) pandemic- induced recession in Poland is one of the “mildest in the world,” the Polish Prime minister Mateusz Morawiecki said on February 9.
Poland’s GDP fell only 2.8% last year, the country’s statistical office said in a preliminary reading in late January. A recovery with growth of around 3%-4% is expected in 2021, analysts say.
Morawiecki was even more optimistic. “I think that GDP growth of 4% in 2021 is rather safe. If I were to bet, I would say we would rather exceed that,” the PM told a news conference.
The PM also referred to the recent Debt Sustainability Monitor published by
Poland GDP y/y
the European Commission, which has Poland as the only EU member state with all fiscal sustainability markers in green, marking low risk. That will allow a faster and more sustained recovery, the PM said.
Poland’s rightwing coalition government is expected to reveal details of a major plan to boost healthcare, infrastructural investment, and housing to help
the economy after the COVID-19 (coronavirus) pandemic recedes.
The comprehensive plan is also seen as the government’s way forward politically after a series of mistakes in handling the pandemic in the middle of 2020 that cost Poland a surge in new cases and deaths in the autumn.
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Source: State Statistics Agency
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