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Restrictions Extended to End-Jan; 1Q21 Growth Risks Emerge

POLAND

LOCAL NEWS

  • Poland extends restrictions on malls, restaurants and hotels by ~2-weeks until end Jan, opens elementary schools
  • Poland likely to face economic stagnation or slight contraction in Q1 2021, but the economy may return to pre-pandemic economic activity level already in Q3 - Development Fund PFR.
  • Deputy FinMin also expects 2020 budget gap at ~90b zloty vs 109.35b zloty deficit limit foreseen in budget bill
  • Poland expects to secure the second round of liquidity support for large firms from the European Commission within 1-2 weeks - PFR
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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