WARSAW: Polish GDP will accelerate to 3.1 percent this year from an estimated 2.5 percent in 2016, the World Bank has forecast, revising downwards a previous forecast. In its Global Economic Prospects report, the World Bank predicted the Polish economy will grow 3.3 percent in 2018 and 3.4 percent in 2019, supported by strong domestic demand, particularly private consumption.
In October, World Bank economists forecast that Polish GDP would grow 3.2 percent in 2016, rising to 3.4 and 3.5 percent in 2017 and 2018. The lower growth forecasts are mainly a reflection of the weaker than expected pace of investment, the World Bank said. Meanwhile, global growth in 2016 “is estimated at a post-crisis low of 2.3 percent and is projected to rise to 2.7 percent in 2017,” the World Bank said.
