IMF lowers Poland's GDP growth forecast in 2016

The International Monetary Fund (IMF) has lowered Poland's GDP growth forecast to 3.5 percent from 3.6 percent in 2016, while it has also reviewed its estimates for 2017, saying GDP will grow by 3.6 percent, and not 3.5 percent as it was said earlier. Poland's GDP growth is projected to remain strong in 2016 and accelerate in 2017, on the back of strong private consumption, opening a positive output gap. This should gradually help nudge inflation toward the target band (1.5 to 3.5 percent) by end-2017, IMF said.