Poland's GDP growth seen at 3.2% in 2014 - EC
22:50
The European Commission has increased Poland’s GDP growth forecast for 2014 by 0.3 percentage points to 3.2 percent. In November last year the forecast stood at 2.5 percent and was increased in February to 2.9 in February.
In 2015, Poland’s GDP is expected to grow by 3.4 percent (also an 0.3 pp increase compared to February).
“The risks to the forecast are broadly balanced,” the commission said. “On the upside, a stronger depreciation of the zloty would further boost exports and enhance import substitution. On the downside, new tensions in Ukraine could weigh on economic activity.”
Polish Finance Minister Mateusz Szczurek called these forecasts “conservative.” The Ministry sees Poland’s GDP growth at 3.6 percent this year and at 3.7 percent in 2015.
Meanwhile, EU’s average GDP growth will come in at 1.6 percent in 2014 and 2 percent in 2015. In the euro zone GDP will grow by 1.2 percent this year and 1.7 percent in 2015.
