IMF improves Poland's 2012 GDP growth forecast by 0.1pps to 2.6%.

By bne IntelliNews April 18, 2012
Poland's economic growth will probably slow down to 2.6% in 2012 from last year's 4.3%, according to the International Monetary Fund's (IMF) "World Economic Outlook. April 2012." In December, it projected the 2012 economic growth at 2.5%, while in September - at 3.0%. In 2013, Poland's GDP is expected accelerate to 3.2%. Overall, growth in emerging Europe is projected to slow sharply to 1.9% this year (from last year's 5.3%), reflecting its strong economic and financial linkages with the euro area. Europe as a whole will see projected growth of 0.2% in 2012 and 1.4% next year, IMF said. According to the recent outlook, Poland's average annual inflation will slow down to 3.8% (and further to 2.7% in 2013) from last year's 4.3%. The unemployment rate is expected to ease to 9.4% in 2012 and to 9.1% in 2013 from 9.6% in 2011. The C/A deficit should expand to 4.5% of GDP in 2012 from last year's 4.3%, but is likely to return to 4.3% of GDP in 2013, IMF concludes.

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