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OECD sets forecasts for Poland's GDP. Draws attention to "greater protectionism"



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OECD: forecasts for the GDP of Poland in the Greek language

The Organization for Economic Co-operation and Development (OECD) predicts GDP growth in Poland will be 5.2 percent. in 2018 and 4 percent in 2019, was given in the November issue of the Global Economic Perspective. In the previous issue, in May this year, the Organization expects GDP growth in Poland to be 4.6 percent. in 2018 and 3.8 percent. in 2018. By 2020, the OECD forecasts full GDP growth to 3.3 percent.

The 500 program will no longer support growth

"We predict a real GDP growth rate of 4% in 2019 and 3.3% in 2020. Private consumption will continue to grow strongly because of good labor market conditions, but it will slow down due to child benefits [500+] will no longer support the growth of incomes of regular households. Due to the increasing use of the EU Structural Funds and low interest rates, investments are increasing, "according to the Global Economic Outlook report.

The OECD notes that "greater protectionism" has a negative impact on exports and investment.

The organization forecasts that private consumption will increase by 4.6 percent. this year, by 4.2 percent. in the next year and by 3.7 percent. in 2020 and in the public – by 3.9% by 4.2%. and 4.1 percent. The increase in gross fixed assets is projected to increase by 6.4 percent. in 2018, by 6.9 percent. in 2019 and by 5.8 percent. in 2020

Interest rates will begin to grow in the coming year. Inflation

"Piat's monetary policy has been flexible in terms of inflationary pressures, but we are seeing accelerated growth, as capacity constraints are increasingly visible, and we expect the central bank to begin the policy at the beginning of 2019 to prevent inflationary pressures." – We continue to read.

The organization forecasts that inflation will be 1.9% this year, reaching 2.7% in 2019, and a year later by 2.9%.

Forecasts of unemployment rate predict a level of 3.7 percent. this year, 3.2 percent. next year and 3% in 2020

According to the OECD, Poland will reduce the general government deficit to 0.8% this year. Of GDP (last year 1.4%) and will keep it at 0.8%. Of GDP in 2019; a year later this deficit was only 0.9 percent. GDP.

The objective of this sector will be – according to the forecast of an organization based on the Maastricht criteria – 49.2 percent. GDP this year, 47.6% of GDP next year, and in 2020 46.2%. GDP.

Forecasts in the world in d

The forecast for the euro area fell to 1.9 percent. in 2018 and up to 1.8 percent. for 2019, the OECD forecast an increase of 1.6% in 2020.

Global growth, according to the organization, is 3.7%. in 2018 and (by forecast) 3.5 percent. in 2019 and 3.5 percent in 2020

In the US case, the forecasts were maintained at 2.9 percent. for 2018 and 2.7 percent for 2019. The forecast for 2020 is 2.1 percent. growth.

The OECD has downgraded GDP growth forecasts for China – to 6.6%. including 6.3 percent. next year. In 2020, 6% is expected. growth.

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