Poland’s GDP is expected to grow faster than previously thought by three independent analytical centres: Barclays, the World Bank and International Monetary Fund, signalling a return to positive period for the country’s economy.
Barclays’ analysts predict a 3,2% growth in 2017, up from previous 3% forecast. They also updated an inflation forecast from 2% to 2,2%.
The World Bank expects a 3,3% GDP growth up from 2,8% growth the previous year. In the next few year the growth rate should stabilize at 3,2% rate. The reason for this are more investments, better consumption thanks to thriving job market and “500+” programme. The bank also expects a slight growth in the public sector finance deficit from 2,5% in 2016 to 2,6% this year.
Lastly, International Monetary Found predicts a 3,4% growth this year and 3,2% for the next one. In January, IMF analysts had forecast that Polish GDP would grow 3.3% both in 2017 and 2018.The IMF also predicts that inflation in Poland will hit 2.3% at the end of 2017, and 2.4% at the end of 2018.The IMF also lowered its unemployment forecast for Poland which, according to the latest projection, will equal to 5.5% this year and 5.3% next year. Its January forecast predicted the figures would be 6.2% and 6.1% respectively.
Source: thenews.pl, money.pl, PSCoC/MP
