12th March 2013
Wednesday, May 22nd, 2013
OECD predicts growth for Poland this year
The Composite Leading Indicator (CLI) for Poland amounted to 100.58 points in January, compared to 100.41 in December 2012, the Organisation for Economic Co-operation and Development (OECD) announced. Compared to January 2012, the CLI was up by 0.24 points, a positive sign for the Polish economy.
CLI is composed of a variety of indicators, specifically selected for each country. Polish CLI takes into account the real effective exchange rate, WIBOR 3M interest rate, activity in the processing industry, the number of job offers and coal production dynamics.
As the OECD explains, if the CLI is above 100 points and keeps growing, it signals the economy's expansion.
From Warsaw Business Journal
Also check out:
Q1 GDP growth lower than already pessimistic forecasts
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Q1 GDP growth lower than already pessimistic forecasts
EBRD: Polish growth this year down to 1.2%
Poland doubles deficit forecast
Q1 GDP growth lower than already pessimistic forecasts
NBP: VAT cuts would have increased growth
Q1 GDP growth lower than already pessimistic forecasts
EBRD: Polish growth this year down to 1.2%
Poland doubles deficit forecast
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