GDP seen growing at 3.3% in 2014

Poland’s gross domestic product is expected to grow by 3.3 percent in 2014, according to the latest forecast by the Ministry of the Economy. “We expect the economic growth rate in 2014 to accelerate in comparison with 2013 and reach 3.3 percent,” the ministry wrote. “Domestic demand will take over the role of the main growth driver, thanks to increased economic activity in the country.” In a recently issued flash estimate, the Central Statistical Office said that in Q2 2014 Poland’s GDP grew by 3.2 percent year-on-year. According to the forecast, inflation is seen at 0.3 percent at the end of 2014, the registered unemployment rate at 12.3 percent and the full-year industrial output growth at 4.5 percent. The ministry also said that the złoty is likely to appreciate.