Bank Pekao raises GDP growth forecast for Q1 to 4.3%

Polish Bank Pekao raised the forecast of Poland's economic growth for the first quarter of this year up to 4.3 percent from 4.1 percent expected earlier and upheld the forecast for the entire 2019 at around 4 percent. Analysts expect that a clear slowdown in the German economy will gradually translate into a slower growth in Polish industrial activity. The anticipated fiscal impulse will be the factor mitigating the deteriorating economic situation. In 2019, bank analysts expect a 4.6 percent increase in production against 5.8 percent in 2018.

(ISBnews)