(ANSA) - BRUSSELS, MAY 8 - The increase in wages will
continue to support the growth of GDP in Poland, which will
continue at the rate of 4.2% in 2019, according to the EU
Commission's spring economic forecasts. ''Consumption and
private investment will remain the main growth engine in 2019
and 2020'',
According to EU forecasts, wages will rise by around 8% both
in 2019 and in 2020, with a positive impact on the unemployment
rate, which should hit a new record low of 3.5%.
According to the EU, Poland's fiscal policies to support
household income will have a positive impact on consumption,
with a solid domestic demand, but the EU Commission expects GDP
to decrease by 3.6% in 2020 (from 5.1% in 2018), and this will
be caused above all by global commercial dynamics, which slow
down the Polish industry and exports.
Expressing an overall positive assessment of Polish public
accounts, the EU underlined the legal system deficit and the
slowness in the spending of Poland's EU funds, two factors that
could negatively affect investments. (ANSA).
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