JP Morgan increases its forecast for Poland’s GDP growth

JP Morgan economists have revised their GDP forecasts for Poland to 3.4 percent in 2017 (from the previous 3 percent) and to 3.2 percent in 2018 (from 3.1 percent). Furthermore, the bank doesn’t expect inflation to reach the Polish Central Bank (NBP) target of 2.5 percent and expects the interest rates to be raised mid-2018. “NBP projects 3.6 percent growth and that forecast seems more probable now,” the JP Morgan said in a press release.