Fitch expects Poland's GDP to rise to 3.9% in 2011, to 4.3% in 2012.

By bne IntelliNews March 21, 2011
Poland's economic growth should pick up and amount to 3.9% in 2011 and to 4.3% in 2012 vs. last year's 3.8%, according to estimates of credit-rating agency Fitch Ratings. "Poland's resilient growth performance, combined with low inflation and interest rates, support its debt dynamics and creditworthiness. GDP growth averaged 4.6% in the five years to 2010 (EU average 1.4%), and Fitch forecasts growth of 3.9% in 2011 and 4.3% in 2012," Fitch's release reads. Nonetheless, GDP per capita is well below the 'A' range median and the business environment is relatively poor, the agency also notes. The finance ministry expects this year's growth to inch up from 3.8% reported for 2010 (vs. the budget law-envisaged 3.5% growth), while the economy ministry - similarly to the central bank - puts the figure at 4.2%. ISB

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