Poland’s investments will likely grow by 1.2% in 2016, 4.1% in 2017 and 4.4% in 2018, central bank NBP said in July inflation projection, revising the March investment forecasts down clearly.
Investments will suffer from such factors as “downgraded economic growth forecasts in the European Union, among others related to the results of the referendum in the UK” and “the declining inflow of EU funds” linked to the end of the previous financial perspective and only gradual transfer of funds from the new one.
Companies’ investments decisions may further be affected by what businesses see as “a significant uncertainty about the scale of the expected rise in taxes” and lower growth forecasts for the EU economies that spoil the demand outlook for Polish exports.
At the same time, the report points to companies’ sound financial standing and only a slight impact of the bank tax on credit availability. This favorable financial situation in the corporate sector should continue over the projection horizon.
Source: http://www.warsawvoice.pl/WVpage/pages/article.php/36047/news
