The EU: better economic forecast for Poland, 3.3% GDP rate in 2014

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 from November last year.

Poland’s GDP was ranked second in the EU (alongside Hungary and Malta) whereas Ireland reported the highest increase, 4.8 percent.

The autumn forecast predicted that the Polish economy would grow by 2.8 percent in 2015, but according to the recent estimates it is expected to increase by 3.3 percent.

According to the Commission, Poland’s inflation rate amounted to 0.1 percent in 2014 and it is supposed to reach -0.2 percent this year. As of 2016, prices in Poland are to grow by 1.4 percent.

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