Good news for the Polish economy – new forecast of the European Commission.

The European Commission has raised the forecast of this year’s GDP growth by 0.7 percentage point, estimates from May this year. – up to 4.2%. This is higher than the government of Beata Szydlo and deputy PM Mateusz Morawiecki, who recently spoke about 4 percent.

Real GDP growth of 4.2% is expected. in 2017 and 3.8% respectively. in 2018, before slowing down to 3.4%. in 2018, with a growing positive demand gap.Β 

Reflection will be driven by internal demand, while private consumption will support favorable labor market trends and record high consumer confidence. It is expected that some consumption will decline at the end of the forecast period, when higher inflation will reduce the real disposable income of households and slow down the improvement in employment.

in May this year. Deputy Prime Minister and Finance Minister Mateusz Morawiecki spoke at a conference in Brussels that EC forecasts are underestimated. “There are even higher chances than what the Commission predicts,” he said.

A particularly strong growth in public investment is expected at the end of 2017 and early 2018 due to the higher use of EU Structural Funds. Reflecting private investment will be progressive, supported by factors such as strong domestic and external demand, high capacity utilization and easy access to finance.