After the series of October macroeconomic data has been published, the ministry of economy has upheld its forecast of GDP growth of 1.5% in the whole of 2013.
The ministry's analysts upheld the forecast of total consumption's rise by 1.1%, including individual consumption's increase by also 1.1%. They continue to expect gross fixed capital formation to decline by 0.7%.
The 2014 state budget draft stipulates for GDP growth of 1.5% in 2013 and 2.5% in 2014, but PM Donald Tusk recently forecasted the figures at 1.4% and 3.0%, respectively. The central bank sees growth at 1.3% and 2.9%, respectively.
According to the ministry of economy, CPI inflation will ease to 1.2% in 2013m while the registered unemployment rate will amount to 13.8% at the end of the year.
Related Articles
Eurozone manufacturing growth hits four-year high in April but Middle East war drives record price surge
Eurozone manufacturing activity expanded at the fastest pace in nearly four years in April as factories rushed to build safety stocks ahead of expected price rises and supply shortages linked to the ... more
Poland’s BGK to begin operations in Ukraine under new cooperation deal
Polish state development bank BGK will launch operations in Ukraine following the signing of a cooperation agreement between the two countries’ economic ministries, reported Ukraine Business News. ... ... more
Ukraine’s NovaPay launches European app for financial services with Polish partner
Ukrainian financial services group NovaPay has launched a European version of its mobile application, aimed at Ukrainians and EU residents, in partnership with Polish payment institution Quicko, ... more