Growth that’s torrid by European Union standards won’t cut it for Poland anymore, not with the appetite its new government has shown for squeezing out more revenue to pursue its vision of a new “economic order” based on wealth redistribution.
Only a handful of European countries like Spain or Slovakia were a match for Poland last quarter as it kept up gains of no less than 3 percent into a third year. But the authorities in Warsaw are targeting growth of over 4 percent, more befitting the top economies in Southeast Asia and the likes of which Poland has rarely seen since the 2008 financial crisis. Data due Friday will show gross domestic product rose 3.3 percent in April-June from a year earlier, according to the median of 25 forecasts in a Bloomberg survey.
