The ministry of finance has submitted the tripartite commission (an advisory body consisting of representatives of government, employers and trade unions) with preliminary macroeconomic forecasts to be used in works on the 2015 central budget draft. The ministry stressed that these guidelines are in line with the figures included in the recent update to Poland's EU convergence programme.
Under this scheme, GDP growth is expected to accelerate to 3.3% in 2014 and to 3.8% in 2015 from last year's 1.6%. The unemployment rate is projected at 9.8% in 2014 and further down at 9.3% in 2015 and 7.9% in 2017.
At the same time, inflation is expected to remain subdued: the average annual figure is seen at 1.2% in 2014 vs. 0.9% in 2013 and should accelerate later, only to ease to 2.2% in 2017, thanks to the return to lower VAT rates planned for that year.
Related Articles
Russian drones targeted Rzeszów airport hub, media claim
Russian drones, which breached Polish airspace in the early hours of September 10, might have been targeting the airport in Rzeszów, which is vital for the West’s military supplies to Ukraine, ... more
Non-performing loans hit historic low in CESEE, but early warning signs emerge, says EBRD
Non-performing loans (NPLs) in central, eastern and south-eastern Europe (CESEE) fell to their lowest levels since the global financial crisis in 2024, but early indicators suggest rising risks ... more
Malawi-focused Mkango Resources' unit to merge with US-based Crown PropTech
Lancaster Exploration (Lancaster), a subsidiary of Mkango Resources (Mkango), has announced a merger with Crown PropTech Acquisitions (CPTK), a US-listed special purpose acquisitions company. ... more
Most Read
-
Renewable capacity growth is faster than ever, but more acceleration needed to meet Paris 2030 goal, says IEA
1 year ago
-
Kyrgyzstan abandons attempt to rescue Russian climber trapped on icy summit of country’s highest mountain
20 days ago
-
BERTRAND: China after Communism, preparing for a post-CCP China
1 month ago
-
UKRAINE REMONT: The battle to build: signs of recovery in Ukraine's construction industry
5 months ago