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The Warsaw Voice » Business » December 18, 2017
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Good year ahead
December 18, 2017   
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Jerzy Osiatynski
Poland will likely enjoy further high economic growth for at least one to two more quarters, with inflation seen at safe levels to end-2018 or perhaps even mid-2019, rate setter Jerzy Osiatynski said at the Warsaw Economic Hub.
"We have very good growth [as evidenced by] strong data," Osiatynski said. "Two other countries have higher growth rate, but ours will hold, for at least one, two quarters more."
"We have inflation whose forecasts are at safe levels to end-2018 and perhaps even to mid-2019," he said. "We are not leaving the inflation range."
Additionally, Poland enjoys good C/A situation and strong sentiment among key trade partners, he said.
Speaking of risks for the Polish economy, Osiatynski mentioned two: wage growth and shrinking labor supply.
"These are the challenges we are facing," the rate setter said. "If we fail to cope with them, then I'm afraid our currently decent economic equilibrium may wobble, what will require adjustment from both fiscal and monetary policy."
"Both are very dangerous," he added.
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