Economic Indicators17 hours ago (Jun 06, 2020 03:30AM ET)
(C) Reuters. FILE PHOTO: EU leaders summit in Brussels
WARSAW (Reuters) – The Polish economy could shrink by less than 4% this year, while the unemployment rate will likely remain below 10%, Poland’s Prime Minister Mateusz Morawiecki said on Saturday.
Poland has announced a rescue package worth over 300 billion zlotys ($76 billion) to help its economy survive the coronavirus crisis.
“I have a serious not only hope but also macro basis to believe that (the unemployment rate) will not be double-digit, and even that it will be lower than economists had expected a month ago,” Morawiecki told RMF radio.
“The fall in GDP expected by most financial institutions is 4%. I hope it will be lower than forecasts,” he also said.
Poland’s PM hopes economy will shrink by less than 4% this year
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