| 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 |
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