World Bank upholds Poland's 2011 GDP growth forecasts at 4.1%.

By bne IntelliNews January 19, 2011
The World Bank has upheld its forecast of Poland's GDP forecast at 4.1% for 2011, the organization said in its "Global Economic Prospects 2011" report, presented in Warsaw. In 2012, the Polish economy will likely expand by 4.5%, according to the World Bank. In November, the World Bank raised its forecast for Poland's GDP growth to 3.5% for 2010 from 3.0% expected in July and to 4.1% for 2011 from 3.7%, respectively. In the current report, the organisation expects Poland's private consumption to rise by 3.8% in 2011 and by the same ratio in 2012, while government consumption - by 1.6% and 2.6%, respectively. Fixed investment is projected to increase by 7.6% and 10.8, respectively. In early January, finance minister Jacek Rostowski said that Poland's economic growth exceeded 3.7% in 2010 (vs. 1.7% in 2009) and was likely to accelerate further this year, if the euro-zone did not witness a major crisis. ISB
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

EC refers Poland to court for delay on renewable energy rules.

The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more

ZEW Economic Sentiment Indicator for Poland surges to 42.9pts in February.

The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more

FinMin: Poland to inject EUR 5.5bn of FX reserves to ECB upon euro-zone entry.

When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    9 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Don't mention the "D" word - Ukraine
    6 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    4 days ago
  5. The models are wrong, climate change is accelerating faster than predicted
    1 day ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    27 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    1 month ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    29 days ago
  5. Saudi Arabia to scale back plans for Neom city
    16 days ago

Reports

Dismiss