Waiting for 2006
According to the latest report from the Organization of Economic Cooperation and Development (OECD), Poland should begin to see signs of an investment boom in the near future. But the real speedup in the Polish economy is expected to hit in 2006. This year, economic growth will equal 5.4 percent but will fall next year to 4.3 percent, only to grow again in 2006.
"The high speed of the growth should continue in 2005, although it is unlikely to catch up to the levels reached at the beginning of 2004. Due to the increasing value of the złoty, the export dynamics will fade," predict the report's authors.
The current prognosis differs slightly from the one presented in May, which saw the economic growth for 2004 and 2005 at the levels of 4.7 percent and 4.5 percent respectively.
When it comes to the unemployment rate, the OECD says it will fall slightly, from 18.7 percent in October 2004 to 17.6 percent in 2005.
(A.B.)
"The high speed of the growth should continue in 2005, although it is unlikely to catch up to the levels reached at the beginning of 2004. Due to the increasing value of the złoty, the export dynamics will fade," predict the report's authors.
The current prognosis differs slightly from the one presented in May, which saw the economic growth for 2004 and 2005 at the levels of 4.7 percent and 4.5 percent respectively.
When it comes to the unemployment rate, the OECD says it will fall slightly, from 18.7 percent in October 2004 to 17.6 percent in 2005.
(A.B.)
