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Polish economy likely to expand over 4 percent in 2019, says minister

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Christian Fernsby ▼ | October 19, 2019
The Polish economy is likely to grow by 4 to 4.5 percent in 2019, Polish Minister of Finance, Investment and Economic Development Jerzy Kwiecinski said.
Jerzy Kwiecinski
Europe   Jerzy Kwiecinski
Kwiecinski was commenting industrial production data released by the National Statistics Office (GUS) on Friday, noting that even if August was a slower month because of holidays, September came with intensified rates of growth in industrial production.

Topics: Polish economy

According to GUS, industrial production grew by 5.6 percent in September 2019 compared to one year ago, and by 10.7 percent compared to August.

"This is a good growth rate, a good indicator. It confirms that we absolutely have chances to reach a higher growth rate than 4 percent this year. The GDP growth rate will be between 4 and 4.5 percent," Kwiecinski said.

The minister said that the International Monetary Fund had also predicted that Poland's growth rate this year would be between 3.8 and 4 percent.

"This indicates that we are effectively resisting the slowdown of the economy, which is knocking on the doors of the European Union," Kwiecinski added.