Economics
Polish Official Tops All Analysts With 5% Growth Forecast
- Polish economy set to slow next year, Bloomberg survey shows
- Excessive growth rate may lead to inbalances, economist says
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Polish economic growth may exceed 4 percent this year and accelerate to 5 percent in 2017, according to a government official, who set a target that exceeds all available forecasts for gross domestic product.
The comment by Deputy Development Minister Jerzy Kwiecinski to the state news service PAP on Wednesday contrasts with the picture of the European Union’s largest eastern economy painted by recent indicators. Manufacturing had its second-biggest monthly decline since the global financial crisis in late 2008. Industrial production, retail sales and deflation came in worse than expected last week, with the latter returning to the lowest in 12 months.