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.

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