In the beginning of June, the Organisation for Economic Co-operation and Development has published an update of economic forecasts for Poland. It had maintained the growth projection forecast in 2017 at 3,5 per cent. It would be a significant growth when compared to this year’s. For 2016 OECD has predicted a rate of 3 per cent, which is currently a fact, in accordance with statements of Polish statistical authorities.
That real GDP growth is based on “rising employment and wages, higher social transfers and low energy prices” supporting “faster consumption growth”. At the same time, “easy credit conditions” and a developed infrastructure (supported by the EU funds) will “underpin stronger investment”. A gradual rise also be the case for consumer price inflation.
Productivity will be strengthened by investments in infrastructure (public transport in particular), while rental housing market and “life-long training opportunities” should enhance workers’ mobility and skills. In addition to “easing regulatory barriers to firms” and implementing new solutions for business, Poland remains to be one of the most attractive places to invest in the nearest future in the world.
The whole OECD forecast may be found at:
http://www.oecd.org/economy/poland-economic-forecast-summary.htm“
Back to list
Read also
March 04, 2021
We describe below how to establish a private limited liability company in Poland (sp z o.o). Private limited liability companies are one...
Read more
March 01, 2021
Dispute resolution is often a multistep process that can start with negotiation, move on to mediation and, if necessary, end in arbitration or...
Read more
March 01, 2021
Under the Act dated August 30, 2019 amending the Commercial Companies Code and certain other acts (Amending Act), regulations concerning the...
Read more