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11 Feb 2019, Gergana Bencheva, EMIS Editor

Poland’s GDP growth to slow down to 2.8% in 2021-2023

Poland’s gross domestic product (GDP) growth will slow down to 2.8% in the period 2021-2023 from 3.6% in 2019, Polish News Bulletin (PNB) reported referring to the latest estimate of the International Monetary Fund (IMF). The country’s economic growth for 2018 is expected to stand at 5.1%.

The future slowdown is explained with the weakening of outside demand as well as a supply bottleneck combined with the falling number of citizens in productive age, and lower work efficiency.

In the meantime, last week, Warsaw’s Monetary Policy Council (RPP) decided to keep interest rates unchanged, meaning that the annual benchmark rate will remain at 1.5%. According to the head of the country’s central bank, Adam Glapinski, interest rates in Poland could stay the same even into 2020. The last change was made back in 2015, PNB underlined.

Sign in and read the full article in emis.com, and find out more about EMIS. Original source: Polish News Bulletin (PNB)

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