Higher GDP growth forecast
22:50
Poland’s economic growth will accelerate to 3 percent in 2014 and to 3.4 percent in 2015, according to the latest forecast published by the Organisation for Economic Co-operation and Development. In march the OECD’s forecast for Poland saw GDP growth at 2.7 percent in 2013 and at 3.3 percent in 2015.
The organization expects inflation to accelerate to 1.1 percent in 2014 and to 1.9 percent in 2015. The Monetary Policy Council is expected to start raising interest rates in late 2014 to fight growing prices.
The OECD also sees a general government surplus of 5.6 percent of Poland’s GDP this year. Next year there will most likely be a 2.9-percent deficit.
Earlier this week, the European Commission also increased Poland’s GDP growth forecast for 2014 to 3.2 percent, an 0.3 percentage points increase compared to February. The EC expects Poland’s GDP in 2015 to grow by 3.4 percent (also an 0.3 pp increase compared to earlier forecasts).
