25th February 2013
Sunday, May 26th, 2013
EC lowers Poland's 2013 GDP projection
The European Commission is less optimistic in its economic forecasts for Poland. It now sees the country's GDP growth at 1.2 percent in 2013 and 2.2 percent in 2014. In November, the respective forecasts were 1.8 and 2.6 percent.
“The weak economic outlook for [Poland's] main trading partners is expected to hamper domestic confidence and worsen the situation of exporters, resulting in constrained domestic demand growth in 2013,” the EC wrote. Some rebound in domestic demand is projected only towards the end of the year.
The Commission expects Poland's HICP inflation to be 1.8 percent in 2013 and inch up to 2.3 percent in 2014. The unemployment rate (calculated in accordance with Eurostat methodology) is seen at 10.8 percent this year and 10.9 percent in 2014.
From Warsaw Business Journal
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