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Poland's Q4 growth may be stronger than before pandemic: PM

08.03.2021 09:30
The Polish economy is set to rebound, and growth in the final quarter of this year may be stronger than immediately before the pandemic, Prime Minister Mateusz Morawiecki has said.
Image: Gerd AltmannPixabay
Image: Gerd Altmann/PixabayPixabay licence

"Poland will not only not have a recession, but will also see a strong rebound—I think at least around 4 percent," Morawiecki has written in a Facebook post.

Polish GDP contracted 2.8 percent in the final quarter of last year, the country’s Central Statistical Office (GUS) said in a preliminary estimate at the end of last month.

The state-run statistics agency previously reported that Polish GDP fell by 1.5 percent in the third quarter of last year, after shrinking 8.4 percent in the second quarter, and achieving 2 percent growth in the first three months of 2020.

Poland's first case of coronavirus infection was reported on March 4 last year.

The Polish economy contracted by 2.8 percent in 2020 as a whole, according to the Central Statistical Office.

Poland's GDP expanded by 4.5 percent in 2019, after registering 5.3 percent growth in 2018, according to office.

(pk)

Source: IAR