Central bank's forecasts on GDP, unemployment, inflation

Central bank, NBP has revised its forecasts for July regarding GDP growth, the unemployment rate and the inflation rate. According to NBP, Poland's GDP growth will reach 3.4 percent this year and will slightly fall to 3.3 percent next year. In the previous forecast, the central bank said that the figures would stand at 3.6 percent in 2015 and 3.4 percent in 2016.

NBP expects that unemployment will continue to fall and will amount to 7.4 percent this year, and will further decrease to 6.8 percent in 2016 and to 6.7 percent in 2017. The central bank uses the BAEL methodology in estimating the unemployment rate, which is based on a survey of a sample of adult Poles. The BAEL figure is usually lower than the registered unemployment rate.

NBP also said that inflation will stand at -0.8 percent in 2015, and next year it will  grow to +1.1 percent and will stand stand at 1.7 percent in 2017.