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Poland is among EU’s most financially stable countries, says PM

10.02.2021 07:20
Poland is among the European Union’s most financially stable economies, with a high level of fiscal stability and low risk in terms of public finances, Prime Minster Mateusz Morawiecki has said.
Prime Minister Mateusz Morawiecki seen on a screen during a virtual news conference on Tuesday
Prime Minister Mateusz Morawiecki seen on a screen during a virtual news conference on TuesdayPhoto: PAP/Piotr Nowak

Citing the European Commission’s Debt Sustainability Monitor 2020 report, he told a press conference that Poland “is the only country in the entire EU” that is completely beyond reproach in terms of financial stability, credibility and public finance risks.

“Our financial, fiscal, budgetary and investment policies have not only improved the lives of millions of Polish families, but also provided us with the most durable, very solid, foundations for economic growth,” Morawiecki told reporters on Tuesday.

He also said that Poland has weathered the coronavirus storm in a better condition than some of Europe's wealthiest economies.

Morawiecki said last week that, despite the coronavirus pandemic, Poland would not only avoid a recession this year, but enjoy a strong economic recovery, seeing its GDP grow by no less than 4 percent.

Poland's President Andrzej Duda last month signed the country’s budget for 2021, which expects the economy to grow 4 percent, with inflation targeted at 1.8 percent.

Meanwhile, in 2020, the Polish economy contracted by 2.8 percent, the country’s Central Statistical Office (GUS) has estimated amid the COVID-19 crisis.

(gs/pk)

Source: PAP, TVP Info