The ?Global Economic Prospects? report, published in mid-January and discussed at a conference at Poland?s National Bank this week, predicted that Central Europe would expand its output by 2.7% this year.
Theo Thomas, the World Bank?s Lead Economist for Central Europe, commented during the conference that ?we hope 2015 will bring growth to all countries in the region.
”Even Croatia, which has been in recession for the past six years, should soon recover from it.?
Thomas noted that Poland itself has favourable domestic demand conditions.
?We can see that consumers are feeling more secure,” he said.
”We can see the return of investment.
?This is very important as it follows a period of negative consumption and investment growth, which took place around 2013.?
Thomas added that ”the region to which Poland belongs remains one of the fastest developing sub-regions of the EU.?
In comparison Eurozone growth is estimated at just 1.1% this year.
