World Bank maintains Poland's GDP forecast

The World Bank has maintained its economic forecast for Poland's economy at 3.7 percent in 2016, and 3.5 percent in 2017-2018, the latest update of the Global Economic Prospects report says. Regarding the global growth forecast, the World Bank has downgraded it to 2.4 percent from the 2.9 percent which was projected in January. Recently, in May, Fitch Ratings revised down the economic forecast to 3.2 percent in 2016, keeping it at 3.5 percent in 2017-2018, while the European Commission upped its forecast to 3.7 percent in 2016 and 3.6 percent in 2017. The International Monetary Fund estimated that Poland's GDP will grow by 3.6 percent and remain at this level in 2016 and 2017.