IMF sees Poland's GDP growth at 3.8% in 2011, 3.6% in 2012.

By bne IntelliNews April 12, 2011
Poland's economy will likely expand by 3.8% in 2011 and by 3.6% in 2012 vs. last year's 1.8% (and by 4.0% in 2015), the International Monetary Fund has said in the April edition of its World Economic Outlook . It also projects Poland's GDP growth at 3.9% in 2016. "In Poland, growth is expected to remain solid at about 3 percent this year as corporate profitability rises, the absorption of EU funds continues, and bank lending resumes," the report reads. In January, the IMF said it expected Poland's economic growth to moderate slightly in 2011 and then stabilize at close to 4% in 2012-2013. In November, the IMF raised Poland's GDP growth forecast to 3.50% in 2010 and further to 3.75-4.00% in 2011. Currently, the IMF forecasts Poland's average HICP inflation at 4.1% in 2011 , at 2.9% in 2012 and at 2.5% in 2016 vs. last year's 2.6%, while the end-year inflation - at 3.8% in 2011 and 2.7% in 2012 vs. 3.1%, respectively. The Fund forecasts Poland's unemployment rate at 9.0% this year (unchanged from 2010) and at 8.7% in 2012. As for the current-account balance, the IMF expects a slight deterioration - it forecasts the C/A deficit at 3.9% of GDP in 2011, at 4.2% in 2012 and at 4.3% in 2016 vs. last year's 3.3%. tom

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