Poland's economy likely to benefit from recession, says prime minister

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Poland's economy likely to benefit from recession, says prime minister

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, we'll see economic growth, but the main European economies may experience a hard landing, according to Morawiecki.

The prime minister said 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.

The prime minister said that Poland's inflation may go down from March or April.

The prices of commodities have fallen due to declines in the past. Inflation in Poland fell from 17.9 percent to 17.5 percent in October to 17.9 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 he had been asked in Davos if the Polish government could raise defence spending to four percent of GDP this year without increasing the deficit.