EC sees Poland GDP falling by 4.3 pc in 2020

The Polish economy will shrink by 4.3 percent in 2020 and will expand by 4.1 percent in 2021, as the HICP inflation declines to 2.5 percent in 2020 and edges up to 2.8 percent in 2021, the European Commission said on Wednesday. "The COVID-19 pandemic is set to end nearly three decades of uninterrupted growth in Poland," the commission said. "GDP is projected to decline in 2020 by about 4.25 percent due to a disruption in economic activity caused by the lockdown measures and an unprecedented fall in external demand. In 2021, GDP should bounce back by 4 percent driven by a strong recovery in household consumption."