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
|
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
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
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