NBP: Economists see Poland's GDP growth at 1.2% in 2013, 2.4% in 2014

By bne IntelliNews October 15, 2013

The central-point forecast by economists from 19 institutions is 1.2% for the 2013 GDP growth, 2.4% for the 2014 growth, according to a survey by the National Bank of Poland (NBP). In 2015, these forecasters expect GDP growth (central-point) at 3.1%.
The survey is carried out in March, June, September and December. In the previous round, the central-point growth figures were 1.2% for 2013, 2.3% for 2014 and 3.1% for 2015.
The 50% deviation ranges for the September round of forecasts is: 1.0-1.5% for 2013, 2.0-3.0% for 2014 and 2.3-3.9% for 2015.
NBP attributes the growth's acceleration to the expected gradual improvement in the euro-zone. It expects the strengthening GDP growth to be accompanied by a drop in the unemployment rate and a growth of wages dynamics.
The Polish government expects this year's economic growth at 1.5% and in 2014 - at 2.5%, while the central bank's July CPI projection stipulates for 1.1% in 2013, 2.4% in 2014 and 3.0% in 2015.

Related Articles

Poland’s PKN Orlen launches offer to delist Czechia’s Unipetrol

Poland’s state-controlled oil and gas company PKN Orlen has launched an offer to take over Czech refiner Unipetrol, the Polish company said on December 13. PKN Orlen said it will go through with ... more

Poland passes partial ban on Sunday retailing

The Polish parliament on November 24 passed a bill that bans retailing on the first and last Sunday of each month. The passing of the law – which still has to be reviewed by the Senate and ... more

European Parliament calls for use of “nuclear option” against Poland

The European Parliament adopted a resolution on November 15 calling on the EU Council to launch the so-called “nuclear option” against Poland to punish Warsaw for its alleged abuse of the ... more