Goldman Sachs: Polish economy to grow by 3.5% in 2015

Goldman Sachs expects Poland’s GDP to increase by 3.4-3.5 percent this year, according to Magdalena Polan who is one of the economists at the institution.

“Economic growth in Poland is of high quality. We expect it to reach 3.4-3.5 percent this year. A major life-blood of the economy is the increase of domestic demand, though exports are still important. At the same time, the decline of fuel and food prices and lower interest rates cause that Polish households and firms have more money to spend,” said Polan.

Exports, which played the leading role in 2013 and 2014, resulted in higher salaries, lower household debt and an increase in investments, the institution also pointed out.

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