EY expects stable economic growth

The current forecast made by EY predicts a 3.3 percent growth of the Polish economy in the current year. This is a half a percentage point higher than EY's previous forecast earlier this year, as reported by IAR. According to EY, the rate of growth should remain rather steady. EY experts predict that inflation in Poland will reach 0.3 percent this year. In 2015, annual economic growth is predicted to be 3.4 percent and 3.7 percent in 2016. The growth should stay at the same level mainly due to loose monetary policy maintained by the Monetary Policy Council (RPP). Disadvantages include a declining number of workers. Third quarter results of industrial production and retail sales will be the key ingredient confirming the current forecast. A decline in exports to eastern neighbors and a euro zone slowdown may be the main risks for this year's growth dynamic.