Think tank ups GDP growth forecast

The Gdańsk Institute for Market Economics (IBnGR) has raised its forecast for Poland’s 2014 GDP growth from 3.1 to 3.5 percent, according to a report quoted by the Polish Press Agency. In each quarter of this year, growth will be higher, reaching 3.6 percent year-on-year in the last three months, the think tank said. In 2015 the GDP growth rate is expected to accelerate to 3.8 percent. Over the full year 2014, individual consumption is seen growing by 3 percent, more than it grew in 2012 or 2013. The growth will gradually increase each quarter of the year.