EconMin forecasts Poland's GDP growth easing to 1.5% in 2013

By bne IntelliNews June 18, 2013

Poland's economy will expand at a rate of 1.5% in 2013, down from 1.9% in 2012, according to new forecasts presented by the ministry of economy's analysts. In January, they projected the 2013 GDP growth at 1.7%, when the ministry of finance stuck to the budget forecast of 2.2%. However, in April, the government passed the ministry of finance-proposed update to Poland's EU convergence report with the 2013 GDP growth forecast of 1.5% (and 2.5% for 2014).

The ministry of economy's experts expect inflation to ease significantly this year - they project the average annual inflation at 1.2% in 2013, down from 3.7% in 2012 (and 4.3% in 2011).

However, they do not envisage any significant improvement on the labour market - they expect the registered unemployment rate at 13.8% in December of 2013 vs. 13.4% a year earlier and compared to 14.0% in April of 2013.

Related Articles

Poland reportedly defies EU court injunction on logging in Unesco-listed forest

Poland will not comply with the Court of Justice of the European Union’s injunction on logging in the ancient Bialowieza Forest, a newswire report claimed on August 4. Warsaw’s stance in ... more

Polish regulator gives RBI new IPO deadline

Polish financial market regulator KNF on August 2 gave Raiffeisen Bank International (RBI) a new deadline of May 15, 2018 to float 15% of its Polish unit. Under the terms of its purchase of the ... more

Central Europe’s factories remain busy despite a summer lull in PMIs

Manufacturers in Central Europe reported a step back in activity and confidence in July, purchasing managers’ indices (PMI) released by IHS Markit on August 1 showed. While, the indicators still ... more