PM: Polish economy may shrink less than 3.5% this year
WARSAW โ Polandโs economy could decline less than 3.5% this year even despite the coronavirus pandemic, while next year should see a definite rebound, the countryโs prime minister declared Monday. Prime Minister Mateusz Morawiecki spoke after a government meeting that amended this yearโs budget law to allow for a contraction of the stricken economy of up to 4.6% of GDP. Morawiecki said data is showing that the economic decline in Poland might be less than that prognosis, partly thanks to government support programs for businesses. Despite its generous social programs, Poland's right-wing government was hoping for a balanced budget this year, largely thanks to its strict tax collection, but the pandemic upended those predictions. The government also adopted a 2021 draft budget with an income of 404.4 billion zlotys ($103.3 billion) and deficit of 82.3 billion zlotys ($21 billion).