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World Bank: Polish monetary policy will aid the recovery after pandemic

According to World Bank forecasts, Central Europe can expect 3.6 percent economic growth as a result of increased demand and low interest rates in Poland

editor: REMIX NEWS
author: Maciej Danielewicz

Increased trade and the near-to-zero interest rates in Poland and Hungary will stimulate Central Europe’s economies to grow by 3.6 percent in 2021, according to Franziska Ohnsorge from the World Bank.

The expert responsible for World Bank forecasts is optimistic about the prospects for Central Europe and emerging markets.

However, she believes that the forecast has a high-risk factor due to the uncertainty caused by the pandemic. It is taking longer for the pandemic to recede and tourism especially is likely to lower the growth dynamic, especially in states which are more dependent on that sector of the economy.