FinMin: Poland’s GDP to reach 3.4% this year

FinMin: Poland’s GDP to reach 3.4% this year

Published at: 2015-05-11 13:25 | Author: CIJ Journal
The Polish Finance Ministry expects the country’s GDP growth will hit 3.4 percent this year. Deputy Prime Minister Artur Radziwił admits the estimates are cautious, as an unstable global economic environment continues to slow the local economy. He adds that deflation pressure should not impact the country’s stable economy. “This includes both Poland’s public and private sectors. We expect deflation pressures to ease slowly in the fourth quarter of the year, with some slight price hikes anticipated this year,” Radziwił told the daily Puls Biznesu.

The Polish government is forecasting an inflation rate of 1.7 percent next year. “It’s difficult for us to make any predictions on the global commodity markets, but we see this forecast as highly realistic,” added Radziwił.

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