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Barclays upgrades Poland's 2017 GDP growth forecast

PR dla Zagranicy
Victoria Bieniek 20.03.2017 08:07
Britain's Barclays bank has upgraded its forecast for Poland's 2017 GDP growth to 3.2 percent year-on-year in a new report, up from an earlier prediction of 3 percent.
Photo: Wikimedia Commons/Rept0n1x.Photo: Wikimedia Commons/Rept0n1x.

The bank's analysts have kept a 2018 GDP growth forecast unchanged at 3.4 percent.

Barclays also revised its annual inflation rate estimate for Poland for 2017, setting it at 2.2 percent, 0.2 percentage points higher than in an earlier report.

The bank expects inflation in the first quarter of 2017 to be 1.8 percent higher than in the same period last year, while the second quarter of this year should see prices grow by 2.6 percent, compared to the second quarter of 2016.

The bank had previously forecast first and second quarter inflation rate rises of 1.7 and 2.1 percent, respectively.

According to the bank's first forecast for the third quarter of 2017, inflation in Poland in that period will see a 2.5 percent growth compared to last year. (vb)

Source: PAP

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