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.
FILE PHOTO: Poland's Prime Minister Mateusz Morawiecki waves as he leaves after the second day of the European Union leaders summit, held to discuss the EU's long-term budget for 2021-2027, in Brussels, Belgium, February 21, 2020. REUTERS/Francois Lenoir/File Photo
WARSAW - 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 to help its economy survive the coronavirus crisis.
“I have a serious not only hope but also macro basis to believe that 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.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
May's jobs report stunner: real deal or head fake?The U.S. economy unexpectedly added jobs in May, surprising economists and analysts who had forecast millions more losing their livelihoods, and raising hopes of a faster economic recovery than expected.
Read more »
Explainer: May's jobs report stunner: real deal or head fake?The U.S. economy unexpectedly added jobs in May, surprising economists and analysts who had forecast millions more losing their livelihoods, and raising hopes of a faster economic recovery than expected.
Read more »
Olly Murs plans to marry girlfriend Amelia Tank after less than a year togetherThe Voice coach and pop star Olly Murs has romance on his mind as he plans on marrying city girlfriend Amelia Tank after less than a year together
Read more »
U.S. Nursing Home Population Shrunk Roughly 10% This YearThe coronavirus pandemic dealt a crushing blow to nursing homes across the U.S., driving down their occupancy by nearly 100,000 residents between the end of 2019 and late May, according to new federal data.
Read more »
Black Student, 20, Shot by Police During Protest in Critical ConditionVideo captured officers in riot gear firing more than a dozen rounds at protesters who were carrying Justin Howell to them for medical treatment. (via toofab)
Read more »
Australia's Great Barrier Reef suffers most extensive coral bleachingAustralia's Great Barrier Reef suffered its most extensive coral bleaching event in March, with scientists fearing the coral recovers less each time after the third bleaching in five years.
Read more »