Poland likely to see little economic growth this year

Poland will probably enjoy a little economic growth and avoid a recession this year, according to Mateusz Morawiecki, the Polish prime minister.

Most probably. The state-owned TVP told the World Economic Forum in Davos, Switzerland that we'll avoid a recession, that we'll see economic growth, but the main European economies may have a hard landing, according to Morawiecki.

According to the prime minister, public investment is the best way out of the recession. As much investment as possible, including public investment, replaces what is missing and what I regret about private investment, Morawiecki said.

According to the prime minister, Poland's inflation may go down from March or April.

The prices of commodities have fallen due to declines in the past. Poland's inflation fell from the record high of 17.9 percent in October to 17.5 percent in November and 16.6 percent in December. In January, a series of price hikes will likely give a second boost to inflation at the beginning of the year.

The prime minister said that he had been asked in Davos if the Polish government could raise its defence spending to four percent of GDP this year without increasing the deficit.