According to Goldman Sachs, the second wave of the economic crisis may subside faster than initially anticipated. This, the bank says, would allow the Polish economy to begin growing faster as early as the end of 2012, Puls Biznesu reported.

Goldman Sachs says it revised its outlook mainly as a result of the EU's recently approved fiscal pact, which it says has shown that Europe is able and willing to solve the problem of Greek debt.

Officially, the investment bank is standing by its original prediction for Polish GDP growth of 2 percent this year. However, with good macroeconomic figures in December and January, it is possible that these predictions could be raised slightly as the year progresses.

Poland has already established itself as more stable than the majority of EU countries, and will therefore continue to attract more investors, especially those interested in expanding into emerging markets, the bank says.

Poland A.M.