Bank of America Merrill Lynch (BofA) has maintained its forecast for the Polish economy, the GDP is to grow by 3.5 percent this year and by 3.7 percent in 2016, the media reported citing the institution.
The National Bank of Poland issued a prognosis on the state of the Polish economy, the Polish Press Agency reported.
The Ministry of the Economy revised its expectations towards the increase of this year’s GDP, saying that the Polish economy may expand by 3.7 percent due to surprisingly good results in the first quarter, the media reported.
The seasonally unadjusted real GDP growth rate stood at 3.6 percent in the first quarter, compared with 3.3 percent in the same period of the previous year, the Central Statistical Office (GUS) announced on Friday.
The European Commission raised expected GDP growth for Poland by 0.5 percentage points to 3.3 percent (2.8 percent in the fall forecast) for the year. Further, GDP growth for 2016 is expected to stand at 3.4 percent (3.3 percent previously).
International Monetary Fund estimated that the Polish economy will grow by 3.5 percent this and the next year. In January, the forecast assumed an increase of 3 percent and 3.3 percent in 2015 and 2016 respectively.
Poland’s GDP growth pace in years 2015-2017 will stand at 3.5 percent on average. The unemployment rate will decline to 8.2 percent this year and to 7.9 percent in 2016, a recent National Bank of Poland (NBP) report indicated.
Poland’s GDP will grow the fastest among the EU states, expanding by 3.3 percent this year, according to estimates by Bloomberg. Polish economy ranked 17th out of 57 included in the ranking.
Poland’s economy will grow the fastest in the EU over a 50-year period, but it will rank 31st worldwide in 2050 due to a population decline, according to the report by PwC.
Poland’s real GDP rose by 3.3 percent in 2014 and is expected to increase by 3.2 percent this year, the European Commission predicted. According to the estimates, the Polish economy will grow by 3.4 percent in 2016. The new economic forecast released on Thursday assumes higher growth than the one fr...