IMF sees Poland's GDP growth at 2.7% in 2010, 3.2% in 2011.

By bne IntelliNews April 22, 2010
Poland's economy will likely expand by 2.7% in 2010 and by 3.2% in 2011 vs. last year's 1.7% (and by 4.0% in 2015), the International Monetary Fund has said in the April edition of its World Economic Outlook . In mid-March, the IMF's mission head Poul Thomsen said that Poland's GDP would likely rise by 2.75% in 2010 and by 3.25% in 2011. It now assessed that Poland's economy "weathered the global crisis relatively well." In the October edition of its Outlook , the Fund saw Poland's GDP increase at 1.0% in 2009 and 2.2% in 2010 (vs. -0.7% and +1.5%, respectively, expected in April). The IMF also forecasts Poland's average HICP inflation at 2.3% in 2010 and at 2.4% in 2011 vs. last year's 3.5%, while the end-year HICP figure - at 2.4% and 2.5% vs. 3.5%, respectively. As for the current-account balance, the IMF expects a slight deterioration - it forecasts the C/A deficit at 2.8% of GDP in 2010 and at 3.2% of GDP in 2011 vs. last year's 1.6%. tom

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