Poland's GDP should grow by about 1.5 percent this year, while inflation could come in as low as 2.3 percent, according to the results of the National Bank of Poland's latest macroeconomic survey.
The results also point to significant changes in experts’ views regarding Poland's future macroeconomic picture. “We are observing lower expectations as far as 2013-14 GDP goes and inflation in 2013. Analysts also anticipate that the situation in the labor market will worsen,” the study's authors explained.
Results for next year look more optimistic. Even though experts predict that inflation could rise to 2.7 percent in 2014, GDP growth could rise to as much as 2.6 percent. According to the survey, the factors that currently have the biggest influence on the Polish economy are uncertainty about economic growth in the euro zone and the condition of the German economy.
The survey was conducted among analysts from the financial sector, representatives of academic institutions and other experts. The NBP conducts macroeconomic survey quarterly.
From Warsaw Business Journal
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