The European Commission has upgraded its forecast for Poland's 2018 GDP growth to 4.3 percent from a previous projection of 4.2 percent.

The Commission, the executive arm of the European Union, also said it expected Poland’s economy to grow 3.7 percent in 2019.

“Poland’s economy is expected to continue growing robustly with only limited moderation in 2019,” the Commission said on Thursday in its newly released Spring 2018 Economic Forecast.

It added: “Consumption and investment are the main growth drivers, supported by fast wage growth, strong consumer confidence and EU structural funds.”

According to the Commission’s estimates, Poland will be the fifth-fastest growing economy in the 28-nation European Union this year, after Malta, Ireland, Slovenia and Romania.

The World Bank in late April revised upward Poland's 2018 GDP growth forecast to 4.2 percent from a previous projection of 4 percent.

(gs)

Source: IAR