Economy Ministry ups GDP growth forecast

Poland’s GDP growth will accelerate to 3.4 percent in 2014 compared with 1.7 percent in 2013, according to a revised forecast from the Economy Ministry quoted by ISBnews. A month ago, the ministry expected this year’s GDP growth to be 3.3 percent. Total consumption is expected to grow by 3 percent in 2014. Individual consumption should increase by 3.1 percent. Gross fixed capital formation is seen growing by 10 percent.