'Too early to tell economic effects of coronavirus': Finance Minister

As 100,000 ski trippers return from virus-hit Northern Italy “there are likely to be some effects felt” Minister of Finance Tadeusz Kościński tells PolandIN, but it is “too early to tell” the consequences on the economy in his view though "as well as the downside there will be an upside."

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Click here to watch the full interview.

The Warsaw Stock Exchange fell by over 2.5 percent on Tuesday, as many companies are part of the supply chain dependent on Chinese imports and exports.

Those returning from Italy have been advised not to avoid contact with others for the next two weeks. Some schools have told pupils returning from affected areas to stay at home.

Nevertheless the Minister said that there will be revisions of the underlying forecasts for growth in the economy, but it is too early to say whether they will be “up or down” until Poland presents its convergence plans to European Commission in April. The budget plan was arrived at in August, when the World Bank was forecasting 3.8 percent growth for 2020.