Poland’s economy to recover quickly after coronavirus crisis : IMF

Poland’s economy is expected to rebound after the coronavirus crisis with an estimated GDP growth of 2.7 percent in 2021, according to a new report by the International Monetary Fund (IMF).

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After consultations with Polish government officials, IMF’s experts wrote in a report that the country’s „economic policy response to the first wave of infection has been powerful.”

„Poland has policy space to provide additional support to impacted firms and households and to further increase health spending” to counteract the ongoing second wave of the pandemic, the report also added.

According to IMF, Polish economy is expected to shrink by 3.4 percent in 2020, as a result of the pandemic, but the slowdown should „give way to a strong rebound” with 2.7 percent growth in 2021, and 5.1 percent in 2022.

(tf)

Source: IMF.org, IAR