World Bank upholds forecast of 3.0% GDP growth in Poland in 2010.

By bne IntelliNews July 23, 2010
The World Bank still expects the Polish economy to expand by 3.0% this year and by around 3.7% in 2011, in line with its February forecasts, according to its EU10 Regular Economic Report . In the next few years, Poland should grow at a pace of around 3.5%, Kaspar Richter, the WB's senior economist in the Europe and Central Asia Region said during the report's presentation. ,,The expansion in Poland remains on track due to stable domestic demand and stepped-up utilization of EU funds," the report says. It also notes that allocations for the EU10 countries average 3.0% of GDP per year. ,,Poland has the largest overall allocation. In per capita terms, Estonia, the Czech Republic and Hungary are the main beneficiaries with the allocations of around EUR 2,500," the document continues. The government expects GDP growth of above 3.0% in 2010 and of 3.5% in 2011. tom

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