Poland will not be hit by recession and its economy will grow by at least 3 percent this year, the country’s prime minister, Mateusz Morawiecki, announced during the World Economic Forum in Davos on Tuesday.
Speaking to the commercial television channel, Polsat News, Morawiecki claimed that despite talk in Davos of a recession in the U.S. and across Western Europe, “there is no mention of recession in Poland because in this and the next year recession will not happen.”
The Polish prime minister explained that the country’s budgetary position remains strong which is proven by the multi-billion surplus recorded in April.
“I believe that in the following months there will be no trouble with the budget and with bond issue,” Morawiecki said.
The Polish leader revealed that he is due to meet in Davos with CEOs of the largest companies in the world such as Intel and Google, all of whom “are looking at Poland” as a potential investment opportunity.
Morawiecki said that Poles needed to earn as much as possible to more easily get through the global crisis that is nearing the U.S., Europe and China. According to him, those three main economic powers that drive the world’s economic growth are showing signs of stagnation and “will definitely work more slowly.”
He explained this expected economic slowdown was why cooperation with the most technologically advanced companies is very important to Polish economy. “We want to work, we want to create the highest added value,” said Morawiecki.
The Polish leader reminded viewers that during the previous summit in Davos, many investors were attracted to Poland, such as the AstraZeneca pharmaceutical company. “I am certain that this time after returning from Davos, we will be able to announce the next investment successes in the following weeks,” he added.