HSBC upgrades Poland's 2014 GDP growth forecast
March 24, 2014
HSBC bank has raised the forecasts for Poland's economic growth to 3.2% from 3.0% in 2014 and 3.6% from 3.3% in 2015, the bank said in a report.
“We slightly raised our GDP forecast for 2014 and for 2015. We are currently expecting a stronger growth in domestic demand, but weaker exports”, HSBC said.
At the same time external demand could be weaker due to the Russia-Ukraine conflict and broader weakness on the emerging markets, the bank said.