Poland's GDP to reach 3.2% in 2014 - Goldman Sachs

Investment bank Goldman Sachs has increased Poland’s GDP forecasts to 3.2 percent in 2014 from a previous 2.9 percent, and to 3.3 percent in 2015 from 3.2 percent.

 

The banks’ analysts expect Poland’s inflation to come in below NBP’s target of 2.5 percent. In 2014 inflation is expected to stand at 1.3 percent and at 2 percent in 2015.

 

Goldman Sachs expects the first increases of interest rates in Q2 2015, while the first rates hikes were previously forecast to happen in Q4 2014. Poland’s reference rate is expected to climb to 3.5 percent at the end of next year from the current 2.5 percent.