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EBRD revises upwards Polish GDP growth forecast

PR dla Zagranicy
Paweł Kononczuk 08.11.2017 08:00
The European Bank for Reconstruction and Development has revised upwards its GDP growth forecast for Poland from 3.2% to 4.1% this year.
Photo: frycyk01/pixabay.com/CC0 Public DomainPhoto: frycyk01/pixabay.com/CC0 Public Domain

The bank also revised its 2018 projection for Poland from 3.2% to 3.4%.

The bank said in its November report: “Household consumption, boosted by accommodative policies and the improving labour market, along with recovering investment, are expected to accelerate GDP growth to 4.1% this year.”

It added that next year, Polish GDP growth will likely slow to 3.4% “in line with rising consumer prices which may weaken the currently strong private consumption.”

The bank predicted that public sector investment is set to rebound from the second half of 2017, boosted by approaching local government elections in 2018.

“Private investment is fragile and still constitutes a higher risk to growth,” it added.


Source: PAP/ebrd.com

tags: economy, gdp
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