EC expects 3.8 percent GDP growth for Poland in 2009
The new figure takes into account the potential effects of the global financial crisis. "The future of the European economy has now significantly darkened," said EU's Economic and Monetary Affairs Commissioner, Joaquin Almunia.
Taking into account the low level of anticipated economic growth, the Polish economy seems to be in good position, as EC economists forecast growth of 3.8 percent for Poland. This figure was earlier anticipated to stand at 5 percent, but despite this fact it will still be one of the fastest developing economies of the EU.
"The EC assumes that the crisis will have a much smaller effect on us than other EU states. We are not threatened by such a strong slow down as in the Euro zone or Great Britain," said an economist with Pekao, Agnieszka Decewicz.
However, last week the National Bank of Poland publicly announced it expected national growth of just 2.8 percent.
Sources: Rzeczpospolita, Puls Biznesu (A.K.)
Taking into account the low level of anticipated economic growth, the Polish economy seems to be in good position, as EC economists forecast growth of 3.8 percent for Poland. This figure was earlier anticipated to stand at 5 percent, but despite this fact it will still be one of the fastest developing economies of the EU.
"The EC assumes that the crisis will have a much smaller effect on us than other EU states. We are not threatened by such a strong slow down as in the Euro zone or Great Britain," said an economist with Pekao, Agnieszka Decewicz.
However, last week the National Bank of Poland publicly announced it expected national growth of just 2.8 percent.
Sources: Rzeczpospolita, Puls Biznesu (A.K.)
