Poland’s GDP will grow by 3.5 percent this year, up from the previous forecast of 3.3 percent, BofA Merril Lynch informed in its Global Economic Weekly report. Next year, the rate is to increase by 3.7 percent, while it was previously seen at 3.4 percent.
The estimates are higher than the market consensus (3.3 percent and 3.5 percent respectively) and the NBP’s forecasts of 3 percent and 3.3 percent respectively), the report states.
Experts from BofA estimated that Poland’s inflation rate is to be -0.1 percent this year and 1.3 percent in 2016.
Low prices of natural resources and the QE policy introduced by EBC will be the crucial factors of economic growth in the CEE region, BofA pointed out.