IMF sustains GDP forecast for Poland

The International Monetary Fund estimated that the Polish economy will grow by 3.5 percent this and next year, thus the recent forecast, in this aspect was not revised compared to April's edition. In January, the forecast assumed an increase of 3 percent and 3.3 percent in 2015 and 2016 respectively. IMF experts projected 0.8 deflation this year and a return to inflation, amounting to 1 percent next year. The employment rate is to decrease to 7.5 percent this year and to 7.2 percent in 2016. The Polish Ministry of Finance announced in late April that according to its forecast, GDP will increase by 3.4 percent this year, while in 2016 it is to expand by 3.8 percent.