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Rapid growth in Polish exports expected

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Poland’s Deputy Development Minister Jerzy Kwieciński has announced that Polish exports could grow by up to 7 percent over the whole of 2016.

Kwieciński told journalists: “Our exports are rising. We expect them to rise this year by around 6-7 percent.”

He noted that the current EUR/PLN exchange rate is favourable to Polish exports. He added that the recent failed coup in Turkey and its aftermath may also benefit Polish exports if capital leaves Turkey and is invested in more stable countries.
However, Kwieciński said that Brexit may hurt the Polish import/export economy, pointing out that the UK is Poland’s second most important trade partner in the EU.

“Our forecasts concerning GDP growth were a bit too optimistic. I hoped that it would exceed 4 percent but there have been unexpected events. We currently still don’t know to what extent Brexit will impact [our economy],” Kwieciński said .