OECD raises Poland's 2010 GDP growth forecast to 3.1% from 2.5%.

By bne IntelliNews May 27, 2010
Poland's economic growth will likely accelerate to 3.1% in 2010 and to 3.9% to 2011 from last year's 1.8%, mainly driven by infrastructure investments, linked to transfers of EU funds and the 2012 football championship, and private consumption, the Organisation for Economic Co-operation and Development (OECD) said in the spring edition of its Economic Outlook . In the autumn, the OECD saw the 2010-2011 growth at 2.5% and 3.1%, respectively. OECD notes that while inflation is currently declining, it is projected to edge up in 2011, pointing to the need for an early start to the withdrawal of monetary stimulus, given the long lags before the effects are felt. ISB
 Item (% change)  2009  2010  2011
Private consumption 2,2 0,9 2,8
Government consumption 1,9 2,1 2,3
Gross fixed capital formation -0,4 2,5 11,1
Exports -9,6 5,9 6,8
Imports -13,5 5,6 8,9
Net exports 2,1 0,1 -0,8
GDP at market prices 1,8 3,1 3,9
Consumer Price Index 3,8 2,7 2,8
Unemployment rate 8,2 8,9 8,6
General government balance -7,1 -6,9 -6,5
Current-account balance -1,6 -1,6 -2,7

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