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World Bank raises Poland's GDP forecast

19th December 2013
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Poland's gross domestic product is expected to grow by 1.5 percent in 2013 and by 2.8 percent in 2014, according to the latest regional economic forecast from the World Bank. The institution had earlier expected the Polish economy to grow at 1.0 percent this year and 2.0 percent next year.

According to the World Bank's report, economic activity in the EU11 region (Bulgaria, Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia) started strengthening in Q2 2013 thanks to more confidence triggered by signs of a recovery in the euro zone.

Poland is seen as one of the strongest economies in the region, giving way only to Romania, Lithuania and Latvia. GDP growth in those countries this year is expected to be 2.2 percent, 3.0 percent and 3.9 percent respectively.

Poland A.M.

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