WARSAW: Poland’s economic growth will likely accelerate to 3.7% year on year in 2016 from 3.5% expected in 2015, OECD’s June forecasts showed.
Polish growth will be mainly driven by private consumption. “The labor market situation will continue to improve, while exports will benefit from improvement in international trade and faster growth in the euro zone,” the report reads.
Consumer prices are expected to fall on average by 0.5% in 2015 and increase by 1.3% in 2016. The public finance sector deficit will likely fall to 2.7% of GDP in 2015 and to 2.4% in 2016, OECD says. Back in November 2014 OECD expected 3.0% GDP growth in 2015 and acceleration to 3.5% in 2016.
