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
Non-performing loans hit historic low in CESEE, but early warning signs emerge, says EBRD
Non-performing loans (NPLs) in central, eastern and south-eastern Europe (CESEE) fell to their lowest levels since the global financial crisis in 2024, but early indicators suggest rising risks ... more
Malawi-focused Mkango Resources' unit to merge with US-based Crown PropTech
Lancaster Exploration (Lancaster), a subsidiary of Mkango Resources (Mkango), has announced a merger with Crown PropTech Acquisitions (CPTK), a US-listed special purpose acquisitions company. ... more
Glass wool production restarts in Hungary after 16-year hiatus
Glass wool manufacturing has resumed in Hungary after a 16-year break, as the first trial products rolled off the production line at a new thermal insulation plant built in northeastern Hungary ... more
Most Read
-
Putin to skip Rio BRICS summit over ICC warrant as Xi signals no-show
16 days ago
-
Turkey yet to prove rare earth deposit has suggested “giant” potential despite reported processing talks with China
10 months ago
-
Uproar in Mongolia as development bank reveals scale of risky loans and NPLs
3 years ago