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Poland targets 4% GDP growth, 1.8% inflation in 2021

29.07.2020 07:40
The Polish economy is expected to grow 4 percent and inflation is seen averaging at 1.8 percent next year under a set of budget targets adopted by the country's government.
Polish Finance Minister Tadeusz Kościński.
Polish Finance Minister Tadeusz Kościński.Photo: PAP/Radek Pietruszka

Average employment nationwide is expected to fall by 0.7 percent in 2021 in the wake of the coronavirus crisis, while average wages are seen increasing 3.4 percent, under the key macroeconomic indicators approved by Poland’s conservative Cabinet on Tuesday.

The country's unemployment rate, meanwhile, is expected to stand at 7.5 percent at the end of 2021, down from 8 percent at the close of this year, state news agency PAP reported.

The macroeconomic indicators endorsed by the government on Tuesday are subject to consultation with its social partners as part of the Council for Social Dialogue, public broadcaster Polish Radio’s IAR news agency reported.

The government has until September 30 to come up with the final draft of the country’s budget for next year and submit it to parliament.

Meanwhile, Poland’s lawmakers this week voted 237 to 212, with no abstentions, to approve the government’s handling of the country’s 2019 budget.

(gs)

Source: IAR, PAP