World Bank slightly lowers Poland's GDP growth forecast to 4.0% in 2011.

By bne IntelliNews April 21, 2011
The World Bank has lowered its forecast for Poland's 2011 GDP growth to 4.0% from 4.1% expected in January. In 2012, it expects the Polish economy to expand by 4.2% vs. 4.5% predicted in January, its EU10 Regular Economic Report April 2011 reads. "The pace of the recovery differs across the EU10, reflecting, among other factors, the overheating prior to the crisis, trade openness and competitiveness. The performance of Slovakia and Poland is set to remain solid thanks to limited pre-crisis imbalances, strong integration in European production networks, EU funds, and, in the case of Poland, stable consumption," the report reads. In November, the World Bank increased its forecast for Poland to 4.1% from 3.7% expected in July. In 2010, Poland's economy expanded by 3.8% and this year, the finance ministry puts the figure at 4.0%. ISB

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