Bank of America revises economic forecast for Poland

Poland's economy will expand by 3.5 percent, not by 3.7 percent next year, according to a recent report by Bank of America Merrill Lynch. The world's GDP is to grow by 3.4 percent, also by 0.2 percentage points lower that the bank previously predicted. The worse forecast for Poland is due to smaller stream of EU funds in the new financial perspective and the summer drought. The forecast for CEE countries has also been reduced by 0.2-0.4 percentage points, however, Poland's growth is the most stable, thanks to a difference in the economy's structure.