Poland Seen on Track for Robust Economic Recovery – World Bank

July 27, 2010 Ela Pawełek-Lubera

Poland’s economy will continue to expand at a robust pace thanks to stable domestic demand and stepped-up utilization of EU funds, World Bank forecasts in its July report on new EU member states.

The projected potential growth rate in 2011-15 will be less than the estimated potential growth rate for 2001-05 by about 1 percentage point in the Czech Republic, Estonia, Hungary, Poland, Slovakia and Slovenia.

Part of the expected potential growth deceleration is a result of more difficult external financing conditions and higher risk premium, uncertain lending intentions of foreign banks and lower potential growth in “old” EU15 countries, which lessen export demand for “new” EU10 products.

According to EC forecasts, only Poland and the Slovak Republic will see a positive growth contribution from consumption in 2010, with much of the rise driven by public consumption.

Source: www.warsawvoice.pl

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