World Bank lowers Poland's 2012 GDP growth forecast to close to 2.5%.

By bne IntelliNews January 20, 2012
Poland's economic growth will probably slow down to close to 2.5% in 2012, according to the World Bank's recent forecasts. Andrew Burns, the institution's manager of global macroeconomics admitted that still in November, the forecast was lowered to 2.9% from 4.2% expected in June. The government expects this year's economic expansion's rate at 2.5%, though the central bank bets on at least 3.0%, while market expectations are in between these levels (vs. above 4.0% in 2011). In its "Global Economic Prospects (GEP) 2012" report, the World Bank has lowered its growth forecast for 2012 to 5.4% for developing countries and 1.4% for high-income countries (-0.3% for the euro area), down from its June estimates of 6.2 and 2.7% (1.8% for the euro area), respectively. Global growth is now projected at 2.5 and 3.1% for 2012 and 2013, respectively.

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