Poland's GDP growth is expected to reach 4.0 percent in 2019, 3.6 percent in 2020 and 3.3 percent in 2021, the World Bank announced on Friday. Poland's budget deficit may rise to 1.4 percent of GDP in 2019 and to 1.6 percent in 2020, the bank's report said.

"The planned increase in state expenditures on the implementation of social programmes may accelerate economic development in Poland, however, it will occur at the expense of the budget deficit, which in 2019 may amount to 1.4 percent of GDP compared to 0.5 percent last year, while in 2020 it will amount to 1.6 percent," the statement read.

According to World Bank estimates, GDP growth will reach 3.6 percent in 2020 and will slow down to 3.3 percent in 2021. Forecasts for 2019 and for 2020-2021 are in line with the estimates published by the bank in January this year.

World Bank economists assessed that economic growth in the eurozone will slow down to 1.6 percent in 2019 from 1.8 percent last year, and will reach an average rate of 1.4 percent in 2020-2021. (PAP)

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