GDP to grow by 2.8% - think tank

Poland’s GDP growth will accelerate to 2.8 percent in 2014 and to about 3.5 percent in 2015, according to the most recent forecast published by the Gdańsk Institute for Market Economics (IBnGR). In 2013 growth was at an estimated 1.6 percent, the lowest in four years. The think tank expects Q1 2014 growth to come in at 2.6 percent, then 2.7 percent, 2.9 percent and 3.0 percent in the following quarters of the year. Domestic demand will grow by 2.9 percent in 2014, the IBnGR said, which means the two-year downward trend will be reversed. Individual consumption will increase by 2.5 percent and gross fixed capital formation will grow by 4.7 percent this year, the think tank expects. /kw/jb