15 February 2017, 01:58 GMT
WASHINGTON (Sputnik) – The Polish economy will grow some 0.5 percent faster in 2017 compared to 2016, the World Bank said in a press release on Thursday.
"Poland’s economic growth is expected to accelerate to 3.3 percent in 2017, compared to 2.8 percent in 2016, supported by stronger investment and consumption," the release stated.
The World Bank country manager for Poland and the Baltic States, Carlos Pinerua, said in the release that Poland's economy is picking up because of new investments from the European Union.
A strong labor market performance and the expenditure effort of the Family 500+ benefit program is helping with an increase in private consumption, the release added.
Never miss a story again — sign up to our Telegram channel and we'll keep you up to speed!
