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Poland expects weaker economic growth next year

Poland's government expects the economy to weaken next year but says it will keep a tight control of public finances.

Reported by: AP [ Published on: September 25, 2018 19:57 IST ]
Image Source : AP Poland expects weaker economic growth next year

WARSAW, Poland (AP) — Poland's government expects the economy to weaken next year as a years-long period of high growth tapers off.

The country's economy has been among Europe's fastest-growing since it emerged from Soviet dominance in the 1990s and is currently overseen by an administration that has clashed with the European Union over issues like the independence of the judiciary.

In its 2019 draft budget, the government predicts growth will slow to 3.8 percent from 4.6 percent this year.

The deficit is forecast to drop to 1.7 percent of GDP, from 2.7 percent this year, though the government expects to keep up generous social spending.

Prime Minister Mateusz Morawiecki said the deficit is being "kept in check."

The draft still needs to be approved by lawmakers and President Andrzej Duda.

Disclaimer: This is unedited, unformatted feed from the Associated Press (AP) wire.

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