Poland’s GDP growth seen at 1.6pct y/y in 2013 - World Bank
January 17, 2013
Poland's economy will likely grow by 1.6% year on year in 2013, then accelerate to 2.4% in 2014 and to 2.5% in 2015, the most recent forecasts of the World Bank show.
The World Bank’s GDP growth forecasts for other CEE countries for the same years is respectively 0.5%, 1.6% and 2.2% for the Czech Republic, -0.2%, 1.0% and 1.4% for Hungary and 2.4%, 3.1% and 3.4% for Slovakia.
At the same time, the Polish central bank NBP said in a quarterly report on global economy that emerging economies will see their economic growth in 2013 and possibly beyond impeded by developments in the euro zone.
"It can thus be expected that the economic situation in the euro zone will be a factor hampering economic growth in emerging countries in 2013 and probably also in the following years," NBP report reads.
" . . . shocks generated by the euro zone economy have a bigger impact on the group of emerging countries than on developed economies, both short- and longer-term," the report shows.
GDP growth in the CEE region is expected to stand at 1.3% in 2013, forecasts cited by the NBP show.