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Investment growth improves in 2018 - Polish FinMin
January 31st, 2019
Rising investment contributed to Poland's improved GDP growth data in 2018, Finance Minister Teresa Czerwinska said in a communique issued by her ministry on Thursday. The 5.1-percent annual growth figure was one of the highest in the EU, the minister added. It was also Poland's highest economic growth rate since 2007. Private consumption was likely the main driver of growth, Czerwinska said. It will be difficult to maintain such a high economic expansion rate in 2019 due to faltering growth prospects in Poland's external environment amid uncertainty caused by such factors as Britain's imminent divorce with the EU, the finance minister noted. On Thursday, the Central Statistical Office (GUS) reported that the Polish economy expanded by 5.1 percent in 2018, up from 4.8 percent in 2017.
PAP