IMF raises Poland's 2014 GDP growth forecasts by 0.3pps to 2.7%

By bne IntelliNews November 24, 2013

Poland's economic growth will accelerate to 2.7% in 2014, according to forecasts of the International Monetary Fund (IMF) presented in Warsaw. In October, the Fund projected Poland's 2014 economic growth at 2.4%.
IMF has retained its forecasts concerning the 2013 GDP growth at 1.3% (vs. last year's 1.9% expansion). It stressed that the growth's acceleration will take place thanks to domestic demand.
The Fund also noted that the current monetary policy stance in Poland is proper.
Poland's general government deficit will probably rise to 4.6% of GDP in 2013 from 3.9% of GDP in 2012, but will ease to 3.5% of GDP next year, according to IMF. It estimates that the planned changes to the open pension funds (OFE) system (writing off 51.5% of their portfolios) will allow to reduce public debt by around 9pps, but it called for further reforms of the pension system in Poland.

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

Dismiss