OECD cuts Poland's GDP growth forecast to 2.5% in 2012, 1.6% in 2013.

By bne IntelliNews November 28, 2012
Poland's growth is projected to slow considerably in coming quarters as a result of weaker domestic and external demand, according to the Organisation for Economic Co-operation and Development (OECD). However, it expects activity to pick up again in H2 of 2013 and strengthen further in 2014. All in all, OECD expects Poland's GDP growth to slow down to 2.5% (from last year's 4.3%) and further to 1.6% in 2013, only to rebound to 2.5% in 2014. In May, the Organisation projected Poland's economic growth at 2.9% in both 2012 and 2013. It also stressed that the government should implement structural reforms to boost potential growth and strengthen the recovery.

OECD cuts Poland's GDP growth forecast to 2.5% in 2012, 1.6% in 2013.

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