Unicredit: Poland to cope better than others with coronavirus crisis

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Poland’s emergency package to help companies cope with COVID-19 pandemic is the most generous in Central Europe, according to Unicredit.

The measures introduced by the Polish government should also help the country better cope with the crisis than other countries.

Unicredit predicts that the global economy could contract in 2020 by 6 percent, but the forecast for Europe is more pessimistic with a 13-percent contraction expected.

Poland’s economy is predicted to fall by 8 percent, but Unicredit expects a strong rebound in 2021 with Polish GDP growth of 7.5 percent.  

The firm also forecasters Polish GDP in 2020 will fall to 2017 levels.