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Home > Polish Property and Real Estate Articles > EC predicts 3.4 percent growth for 2010
EC predicts 3.4 percent growth for 2010Article added on: 2010-09-13 |
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According to a just released European Commission report, Poland can expect 3.4 percent GDP economic growth in 2010. This marks a definite improvement over May forecasts coming from Brussels, which spoke of a 2.7 per cent GDP growth rate. The latest short term forecast places Poland alongside crisis recovering Germany with regard to the pace of economic development. In the European Commission’s opinion, it is the industrial sector which has been the driving force of the Polish economy. EC economists have admitted their earlier forecasts had underestimated the health of Poland’s manufacturing base. In Poland’s case the industrial sector growth, coupled with improved conditions in international trade, have led to an increase in Polish exports to the pre-crisis level. Brussels has also confirmed this has positively influenced Poland’s position as a credible economic partner with strong domestic demand. The EC has also published inflation forecasts, according to which Poland will see end of the year inflation at 2.6 percent – a 0.2 percent increase compared to May prognosis. |
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