EC increases Poland’s 2018 GDP growth forecast to 4.3%

The European Commission once again increased Poland’s 2018 GDP growth forecast to 4.3 percent from its previous estimate of 3.8 percent issued in November 2017. For 2019, forecasts were also revised upwards, to 3.7 percent, from 3.4 percent earlier. Inflation in 2018 should come in at 1.3 percent and in 2019 – at 2.5 percent. The EC believes that domestic consumption and investment, riding on the back of rapid salary increase, positive consumer sentiment and EU structural funds, should remain the main drivers of growth.