Economic growth in Poland may reach 2.75 percent in 2010 and 3.25 percent in 2011, according to a report by the International Monetary Fund (IMF).

In October, the IMF forecast 1.0 percent growth in 2009 but 2.2 percent growth in 2010. In its report, the IMF does not expect a significant increase in inflationary pressures in the Polish economy, and therefore says that the Monetary Policy Council should not change its current neutral stance on interest rates.

Poul Thomsen, from the IMF’s mission in Poland says that pressure for steeper wages rises this year will be offset by continued high unemployment.

The IMF stressed that the MPC has responded appropriately to the economic crisis by lowering interest rates by a total of 2.50 points. (pg)

Source: Puls Biznesu, PAP