Poland could achieve a GDP growth rate of 4 percent this year, according to the country's Minister of Economy Waldemar Pawlak, Puls Biznesu reported.
“Inflation of around 3 to 4 percent is not a serious problem. It is rather one of the factors conducive to economic growth. As long as inflation does not exceed 4 percent, there is no serious concern,” said Mr Pawlak at a press conference in Katowice.
“Right now, the crisis in Europe and the difficulties that can be seen for example in Spain, mean we have to be careful. But I remain optimistic that growth of around 4 percent is possible if we maintain a good standing and a positive mood in the domestic market,” he added.
The average growth forecast for Poland this year in a March Polish Press Association survey of economists was 3 percent, with 3.4 percent being the highest of the 16 forecasts.
From Warsaw Business Journal
ZEW expectations index for Poland grows
Poland doubles deficit forecast
BIEC indicator shows economic stagnation
Experts: Poland's GDP to grow 1.5% in 2013
Polish retail sales up only slightly in March
Is Poland's ruling party finished?
BY Remi Adekoya
Migration and remittances in the euro zone periphery
BY Stratfor Global Intelligence