Poland’s GDP growth will come to about 1% in 2023, Pawel Borys, the head of the state development fund, PFR, has said.
“Undoubtedly, we are a competitive economy with an improving infrastructure, an attractive country to locate investments, with high potential for productivity growth, which translates into good GDP growth parameters,” Borys told a corporate banking congress held in Warsaw on November 8.
According to him, Poland’s strong labour market should stabilise the economic situation next year.
“Therefore, we assume that economic growth will remain at a positive level of around 1%,” Borys added.
Given that consumption would weaken, he continued, it was important that Poland activated its National Recovery Plan.
The plan is dependent on the European Commission granting Poland access to a post-pandemic recovery fund, which Warsaw has so far been excluded from owing to a rule-of-law dispute. (The First News/Business World Magazine)