Poland eyes 1 ppt boost to 2017 GDP growth from EU funds
February 10, 2017
Poland's GDP growth may get some 1 ppt contribution from investments co-financed by the EU in 2017, and at least 1.5 ppt annually in 2018 and 2019, deputy Development Minister Jerzy Kwiecinski told journalists on Thursday.
"This year we have a chance for up to some 1 ppt additional [GDP growth], precisely thanks to the EU funds," Kwiecinski said.
"It seems realistic, because we want to sign agreements for at least a half of all funds available," he added. "Obviously, not all these agreements will be reflected in the GDP this year, but I think that a significant part [will]."
The influence of the bloc's cohesion policy should peak in 2018-2019 with "at least 1.5 ppt" GDP contribution a year, Kwiecinski said.
A potential Brexit should not have a negative impact on the EU funds spending, the minister also said. But other global events could be a major threat.
Poland was allocated PLN 82.5 billion from the EU 2014-2020 budget. In 2016, the EU fund's contribution to the Polish GDP reached 0.4-0.6 ppt, Kwiecinski said.