On September 1st Poland presented A REPORT ON THE LOSSES SUFFERED BY POLAND AS A RESULT OF GERMAN AGGRESSION AND OCCUPATION DURING WORLD WAR II, 1939-1945. The Report consists of three volumes: Volume A - A collection of studies; Volume B - Photographic documentary; Volume C - List of atrocity sites. The download will start automatically.

Wednesday, May 6, 2020

The EU's economic forecasts, decrease in GDP. The smallest in Poland

National Bank of Poland
The Eurozone's GDP will fall this year by 7.7%, and the deepest recession will take place in southern Europe: in Italy, Spain and Greece. The smallest decline in GDP of the entire European Union is expected in Poland. In 2021, however, there should be a rebound of the EU economy. Unfortunately, it will not make up for all losses.

Germany, will record a fall of 6.5% this year and an increase of 5.9% next. In France, the GDP is expected to fall by 8.2% and then rebound by 7.4%.

The EC forecasts really bad situation in southern Europe, not only in the countries most severely affected by coronavirus, but also where tourism plays a big role. In Italy, the economy is expected to shrink this year by 9.5%, and the rebound forecast for 2021 is to be 6.5%. In Spain, GDP is expected to fall by 9.4% this year and increase by 7% in 2021. In Greece the GDP is expected to decline by 9.7% this year, and next year rebound by 7.9%. 

Meanwhile, the EC forecasts that in 2020 Poland's GDP will shrink by 4.3 percent - this would be the best forecast among EU countries.