GDP to grow by 3.2% - think tank

The Gdańsk Institute for Market Economics (IBnGR) expects Poland’s GDP to grow by 3.2 percent in 2014 and 3.5 percent in 2015, the think tank said in a news release on Wednesday. In 2013 GDP growth was at 1.6 percent. The IBnGR expects domestic demand to grow by 3.8 percent in 2014, while individual consumption should grow by 3 percent and gross fixed capital formation should expand by 6.5 percent. The institute also sees CPI inflation at 0.2 percent at the end of 2014 and at 0.8 percent a year later. The registered unemployment rate is expected to 12.2 at end-2014 and 11.5 at end-2015.