Polish central banker Hausner sees GDP growth at 4.0% y/y in 2014 and 2015

By bne IntelliNews May 19, 2014

The Polish economy has entered the stage of significant revival and may growth at the pace of 4.0% annually this and next year, according to member of the National Bank of Poland's (NBP) Monetary Policy Council (MPC) Jerzy Hausner.

The former vice-premier and minister of economy said that the Russian-Ukrainian conflict will only insignificantly impact the Polish economic rebound and may slow it down by 0.1-0.2pps. He stressed, though, that one cannot rule out a rapid worsening of this crisis.

The ministry of finance expects GDP growth to accelerate to 3.3% in 2014 and to 3.8% in 2015 from last year's 1.6%. NBP expects GDP growth to accelerate further to 3.7% in 2015 (vs. 3.3% growth expected for that year in November) and to ease down slightly to 3.5% in 2016.

The central-point forecast by economists from 21 institutions is 3.2% for the 2014 GDP growth and 3.5% for the 2015 and 2016 growth, according to the central bank's survey carried out in March of 2014.

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