EBRD raises Polish GDP growth forecast
2012-07-25 12:45:40
The European Bank for Reconstruction and Development (EBRD) has increased its 2012 GDP growth projections for Poland to 2.9 percent citing domestic demand. This is still significantly lower than the 4.3 percent growth rate for last year, reported Bloomberg.
However, the EBRD pegs the growth rate of the Polish economy at 2.4 percent for next year.
The EBRD's report did note that both Poland and neighbor Slovakia were bright spots on a European map littered with countries struggling due to economic woes.
“For both of these countries we have raised our GDP growth forecast in May this year. But 2013 will be more difficult,” said Alexander Lehmann, a senior economist at the EBRD.