Poland’s economy is doing “surprisingly well” despite the negative effects of the Covid pandemic and the Ukraine war, the head on an industry lobby has said.
Prime Minister Mateusz Morawiecki announced on March 6 that Poland’s budget deficit was much lower than planned in 2022 and reached PLN 12.4 billion (EUR 2.63 billion) in comparison to the originally planned PLN 30 billion (EUR 6.37 billion).
Last year’s general government deficit amounted to 3% of GDP and was also lower compared to expectations, according to Morawiecki.
The president of the Union of Entrepreneurs and Employers (ZPP) Cezary Kazmierczak said on March 7 that if the preliminary data provided by the prime minister were confirmed, “it will mean that public finances are very stable.”
He added that Poland also had very low unemployment, high industrial production and that all forecasts showed that the country would avoid recession.
“Taking into account the blows that the Polish economy has received, the pandemic, the war in Ukraine and Russia’s energy attack on Europe, the Polish economy is doing surprisingly well,” Kazmierczak said. (PAP/Business World Magazine)