Bank Pekao lowers GDP growth forecast for Poland

Due to weaker investment performance, Bank Pekao has lowered its PKB forecast for 2016 to 2.7 percent from 3.1 percent. However, it has not changed its prognosis for 2017, which remains at 3.3 percent, based on an expectation of an upturn in investment next year.

World Bank lowers 2016 GDP forecast for Poland

The World Bank has lowered its forecast for GDP growth in Poland in 2016 to 3.2 percent from 3.7 percent, due to a slowdown in investment. But it foresees accelerated GDP growth in 2017 and 2018 reaching 3.4 percent and 3.5 percent respectively because of an expected rebound in investments, includin...

Locked content BofA Merrill Lynch revises down GDP forecast for Poland

Bank of America Merrill Lynch (BofA) has revised down the Poland’s GDP growth forecast for this year from 3.6 percent to 3.3 percent following a weak Q2 2016, a statement informed. BofA also changed its estimates regarding Poland’s budget deficit, claiming the shortfall is “likely ...

Locked content Development Ministry downgrades Polish GDP forecast

The Ministry of Development has lowered a GDP growth forecast for 2016 from 3.5 percent to 3.4 percent and held a CPI inflation forecast at -0.5 percent. The whole year consumption should stand at 4.1 percent (correction from 3.9 percent) and investment will grow by 1.1 percent (correction from 1.5 ...

Locked content GUS: Poland’s GDP growth at 3.1% in Q2

Poland’s GDP growth rate stood at 3.1 percent y/y in Q2 2016, which is 0.1 percent higher than in the previous three months, the Central Statistical Office (GUS) announced on Tuesday. Economists had expected GDP growth in Q2 to be higher, at 3.3 percent y/y. According to the Finance Ministry&#...

Locked content Morawiecki: Polish GDP up to 3.5% in 2016

Poland’s GDP may grow by 3.4 – 3.5 percent in 2016, announced Deputy Prime Minister and Development Minister Mateusz Morawiecki on Friday. “There is a chance to exceed 3.5 percent in GDP growth in Q3 – Q4 2016, and this would mean a GDP growth of 3.4-3.5 percent in total in 2...

Locked content World Bank maintains Poland’s GDP forecast

The World Bank has maintained its economic forecast for Poland’s economy at 3.7 percent in 2016, and 3.5 percent in 2017-2018, the latest update of the Global Economic Prospects report says. Regarding the global growth forecast, the World Bank has downgraded it to 2.4 percent from the 2.9 perc...