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Economic slowdown in Polish economy will continue in 2020: experts

Poland not expected to suffer serious economic consequences from global slodwon

editor: REMIX NEWS
author: Marek Wierciszewski
via: pb.pl

Polish economy will see a further slowdown in 2020 as experts foresee drops in GDP growth, investments, imports, rising inflation, and expect Poland’s currency, the złoty’s (PLN), to rise in value

Since Q4 of 2017, when the Polish economy had been developing at a rate of 5.5 percent, no quarter has been as good as that one, yet a clear slowdown could only be noted in the last months of 2019.

Experts from Santander Bank Poland pointed out, however, that given the deepening slowdown in Germany, the first half of 2019 was still a positive result.

Experts surveyed by portal Puls Biznesu (PB) believe that the negative tendencies in the economy will deepen. The median forecast of 13 institutions points to a GDP dynamic of 3.4 percent, which would be the worst growth rate since 2016, and produce the second year of economic slowdown in a row.

Experts say that the slowdown should be moderate enough that it could be considered a normalization of economic growth and added that the GDP dynamic should drop just a bit below its potential and then go back up.