Characterised by strong growth records and a stable financial sector, the European Commission has pointed out these features in its report regarding the impressive short-term economic outlook for Poland.

The commission in this statement said, “The economic growth rate is strong, and the financial sector is stable, there are no imminent short-term risks to threaten the fiscal sustainability.”

In recent times, the economy has thrived from a rising domestic demand especially from private consumption which has been the major driver of the economy in the last few years. The evidence of this claim can be seen in the economic records for 2016 and 2017.

While the commission noted a slow growth in investment as at mid-2017, it has mentioned that the increase in private consumption has promoted the activities of the labour market and subsequently, the fiscal transfers have increased to levels which encourage consumer confidence.

In 2017, an increase of 4.6% was reported for Poland’s real GDP; this value is expected to rise by 4.2% in 2018 and 3.6% in 2019 which is about the highest rate in the EU, according to the report.

The commission also added that “An increasing utilisation of EU funds should result in higher investments, especially in the public investment sector.”