<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=288482159799297&amp;ev=PageView&amp;noscript=1">

Web Notifications

SaltWire.com would like to send you notifications for breaking news alerts.

Activate notifications?

Saltwire Logo

Welcome to SaltWire

Register today and start
enjoying 30 days of unlimited content.

Get started! Register now

Already a member? Sign in

Poland's PM hopes economy will shrink by less than 4% this year

STORY CONTINUES BELOW THESE SALTWIRE VIDEOS

Weather’s role in wildfires in Atlantic Canada | SaltWire #weather #climatechange #wildfireseason

Watch on YouTube: "Weather’s role in wildfires in Atlantic Canada | SaltWire #weather #climatechange #wildfireseason"

WARSAW (Reuters) - The Polish economy could shrink by less than 4% this year, while the unemployment rate will likely remain below 10%, Poland's Prime Minister Mateusz Morawiecki said on Saturday.

Poland has announced a rescue package worth over 300 billion zlotys ($76 billion) to help its economy survive the coronavirus crisis.

"I have a serious not only hope but also macro basis to believe that (the unemployment rate) will not be double-digit, and even that it will be lower than economists had expected a month ago," Morawiecki told RMF radio.

"The fall in GDP expected by most financial institutions is 4%. I hope it will be lower than forecasts," he also said.

(Reporting by Agnieszka Barteczko and Anna Wlodarczak-Semczuk; Editing by Mark Potter)

It has been our privilege to have the trust and support of our East Coast communities for the last 200 years. Our SaltWire team is always watching out for the place we call home. Our 100 journalists strive to inform and improve our East Coast communities by delivering impartial, high-impact, local journalism that provokes thought and action. Please consider joining us in this mission by becoming a member of the SaltWire Network and helping to make our communities better.
Share story:
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Local, trusted news matters now more than ever.
And so does your support.

Ensure local journalism stays in your community by purchasing a membership today.

The news and opinions you’ll love starting as low as $1.

Start your Membership Now