European Commission sustains GDP forecast for Poland

The European Commission estimated that Poland's GDP will grow by 3.7 percent in 2016 and 3.6 percent in 2017. The new economic forecast released on Tuesday assumes higher growth than the one from February. Meanwhile, EU analysts expect Poland’s public finance deficit to be 2.6 percent of GDP this year (the same as in 2015), and 3.1 percent in 2017. Among EU countries, only Ireland, Romania and Malta are expected to have higher GDP growth than Poland this year. In March, the Polish Ministry of Finance announced that, according to its forecast, GDP will increase by 3.8 percent both in 2016 and 2017. Bank of America Merrill Lynch has also maintained its forecast of 3.8 percent GDP growth in 2016, while the International Monetary Fund estimated Polish GDP growth of 3.6 percent for 2016 and 2017.