EC increases Poland’s 2018 GDP growth forecast to 4.6%

The European Commission increased Poland’s 2018 GDP growth forecast to 4.6 percent from its previous estimate of 4.3 percent issued in May. Forecasts for 2019 still remain at 3.7 percent. EC economists say inflation in 2018 should come in at 1.3 percent (unchanged). In 2019 inflation is expected to rise to 2.6 percent - previously the forecast was at 2.5 percent. EC believes that rapid salary increase and positive consumer sentiment should remain the main drivers of domestic consumption. Despite growing expenditures on public investment, investment growth remains moderate.