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.

Related Articles

EC refers Poland to court for delay on renewable energy rules.

The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more

ZEW Economic Sentiment Indicator for Poland surges to 42.9pts in February.

The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more

FinMin: Poland to inject EUR 5.5bn of FX reserves to ECB upon euro-zone entry.

When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335