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The Warsaw Voice » Business » April 15, 2014
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Warsaw stock market may grow to 10+% in 2014
April 15, 2014   
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The Polish equity market should sport a rate of return anywhere between a high-single digit pace and over ten percent as the Warsaw market shares good prospects sported by developed European markets, fund managers said during a PAP Polish news agency debate on 2014 market strategies.

However, proximity of the Russia-Ukraine conflict may lower the growth pace, they also said.

"The OFE reform and the proximity of Russia will spoil the perception of the stock market, nevertheless we have a positive scenario for the Warsaw bourse, similar to the scenario for developed markets, i.e. a 10+% growth this year," Amplico TFI CIO Kazimierz Szpak said during the debate.

Millennium TFI Fund manager Krzysztof Kaminski expects a high single-digit returns of 8-10% in 2014, "and possibly more."

Allianz TFI CEO Jaroslaw Skorulski forecasts growth of "at least 7% to 10%," while Skarbiec TFI chief strategist Grzegorz Zatryb expects a 10% growth.

The share price growth in 2014 should be triggered by growth of companies' earnings, which should manifest itself in the second part of the year, Amplico TFI CIO Kazimierz Szpak said.
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