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    The economic recovery in Poland? Prime Minister Morawiecki on the opportunity for dynamic growth

    The Prime Minister had good news for the Poles today. Mateusz Morawiecki conveyed on Facebook that Poland has a chance in the fourth quarter of this year to beat the economic growth before the coronavirus pandemic. ‘Not only will Poland not have a recession, but it will also experience a strong economic rebound – I think at least at the level of 4% GDP,’ declared Mateusz Morawiecki.

    In a Facebook post, Prime Minister stressed that Poland has the lowest unemployment in the entire European Union, and, he added, thanks to programs such as the National Recovery Plan and the New Deal, ‘we will increase the chance for dynamic economic growth’.

     

    ‘We have a chance to beat pre-pandemic growth in the fourth quarter of this year. Some countries will go back eleven or twenty-some years,’ said Prime Minister.

     

    At the same time, he stressed that not only would Poland not face a recession, but also it would score a strong economic rebound.  ‘I think at least around 4 per cent of GDP,’ he assessed. 

     

    ‘There is a chance that with the support of funds from the New Order program, economic growth in the next few years will be dynamic,’ added the Prime Minister. 

     

    Poland had the lowest unemployment rate in the EU in January, at 3.1 per cent, according to Eurostat data published on Thursday. In second place was the Czech Republic with an unemployment rate of 3.2 per cent, and third was the Netherlands with 3.6 per cent. The highest unemployment in January was in Spain at 16 per cent. In the document, signed by President Andrzej Duda at the end of January this year, the following amendments were introduced the Budget Law for 2021 assumes that in real terms, GDP will grow by 4 per cent this year.

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