PMR Online access    |   tel. +48 12 340 51 00    |   E-mail:


European Commission lifts GDP growth forecast for Poland


The European Commission has revised upwards its projection of economic growth in Poland this year. In its latest interim forecast published on 1 March, which delivers a slightly improved outlook for the EU as a whole, Brussels says Poland’s GDP should increase by 4.1% in 2011, up from 3.9% in its autumn forecast, thanks to solid consumer demand helped by modest job recovery and a stronger-than-expected rebound in wages; strong public spending on infrastructure; and recovery in private investment. Quarterly growth is forecast to ease to 0.8% in Q1 before accelerating to around 1% in Q2-Q4.

None of the six other large EU economies covered in detail by the report – which together with Poland account for 80% of the bloc’s GDP – will achieve comparable growth rates in 2011. Germany is forecast to expand by 2.4%, the UK by 2%, France and the Netherlands by 1.7%, Italy by 1.1% and Spain by 0.8%. The eurozone is forecast to grow by 1.6% and EU27 by 1.8%.

According to a preliminary estimate by the Central Statistical Office (GUS), in 2010 Poland's GDP grew by 3.8%.

Browse and search in our archive »

subscribe to PMR RSS NEWS channelsSubscribe to PMR RSS NEWS channels »

Free monthly e-letter containing latest news, analyses and business information on economic situation in Poland, Russia, Bulgaria, Czech Republic, Hungary, Romania, Slovakia, Ukraine, Kazakhstan.
Relevant news

Useful links         Privacy Policy
Copyright © 2018 PMR. All rights reserved.

PMR is a British-American company providing market information, advice and services to international businesses interested in Central and Eastern Europe as well as other emerging markets. PMR key areas of operation include business publications (through PMR Publications), consultancy (through PMR Consulting) and market research (through PMR Research). With over fourteen years of experience, high international standards in projects and publications, highly skilled multilingual staff and a wide network of co-operating research companies and market experts, PMR is one of the largest companies of its type in the region.