Ford drives hike in car production in Romania
9 hours ago
The COVID-19 (coronavirus) pandemic-induced recession in Poland is one of the “mildest in the world,” the Polish Prime minister Mateusz Morawiecki said on February 9.
Poland’s GDP fell only 2.8% last year, the country’s statistical office said in a preliminary reading in late January. A recovery with growth of around 3%-4% is expected in 2021, analysts say.
Morawiecki was even more optimistic. “I think that GDP growth of 4% in 2021 is rather safe. If I were to bet, I would say we would rather exceed that,” the PM told a news conference.
The PM also referred to the recent Debt Sustainability Monitor published by the European Commission, which has Poland as the only EU member state with all fiscal sustainability markers in green, marking low risk. That will allow a faster and more sustained recovery, the PM said.
Poland’s rightwing coalition government is expected to reveal details of a major plan to boost healthcare, infrastructural investment, and housing to help the economy after the COVID-19 (coronavirus) pandemic recedes.
The comprehensive plan is also seen as the government’s way forward politically after a series of mistakes in handling the pandemic in the middle of 2020 that cost Poland a surge in new cases and deaths in the autumn.
Related Content
Data
Ford drives hike in car production in Romania
Romania’s automobile production increased by 7% y/y to more than 150,000 units in Q1.
Akbank launches spring syndicated loan renewals season for Turkish banks at better costs
Benefits of Turkey’s so-called economic normalisation policy clearly observed in external debt rollovers.
Ukraine's birth rate plummets to 300-year low as country’s population collapses
Ukraine’s population collapsed to 29mn souls last year, according to Ukraine Business News, with just 187,000 births recorded (including in Russian-occupied territories). This is the lowest annual figure in recorded history over the last 300 years.
Russia’s $13.4bn current account surplus in March second highest since 2007
Russia posted a $13.4bn current account surplus in March, more than double February’s $5.5bn and the second highest level for a March since 2007.
Automotive sector output in Hungary edges up 1.6% y/y in February
Headline industrial output rose 1.8% in February, increasing for the first month in about a year.
Most Read
-
Russia’s $13.4bn current account surplus in March second highest since 2007
1 day ago
-
Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
1 day ago
-
Ukraine's birth rate plummets to 300-year low as country’s population collapses
23 hours ago
-
Czechia paid five times more for energy imports from Russia than it spent on aid to Ukraine
18 hours ago
-
Pro-Kremlin Voice of Europe resumes operations from Kazakhstan
1 day ago
-
Iran vs Israel: Who is better equipped for war?
4 days ago
-
Saudi Arabia to scale back plans for Neom city
8 days ago
-
BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
4 days ago
-
Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
5 months ago
-
PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
5 days ago
-
Russia could pay off its entire external debt tomorrow, in cash
19 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
23 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
UBN: Russia could take the Baltic states in 48 hours
28 days ago
-
BRICS announce a blockchain-based payment system to create a common currency
21 days ago