EBRD cuts 2015 GDP growth forecast for Poland to 3%

The European Bank for Reconstruction and Development has downsized its 2015 GDP forecast for Poland to 3.0 percent from a rate of 3.3 percent in September 2014. “Since mid-2013 economic growth is relatively stable and based mainly on domestic demand. Expectations for 2015 are slightly reduced in relation to the Ukraine conflict which negatively influences exports and industrial output,” the ERBD report claims. The EBRD has also changed its 2015 GDP growth forecasts for Hungary, Lithuania, Latvia, Slovakia and Estonia in the CEE region.