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


 

Credit Suisse predicts 4% growth in Poland in 2011-2012


2011-03-22



Credit Suisse, the Swiss banking group, expects the Polish economy to expand by around 4% both this year and next, thanks mainly to robust domestic demand, according to an updated forecast published in its latest Emerging Markets Quarterly.

The bank predicts that employment in Poland will rise by an average of 3% y-o-y in the coming quarters and that nominal wage growth will stabilise at around 5% y-o-y. This will support a 2% increase in household spending in 2011 as a whole. On the other hand, the contribution of net exports to GDP growth is expected to be marginal, while investments are projected to rise by a relatively modest 3.5%.

The main areas of concern (and sources of downside risk for the above scenario) are the persistently high unemployment rate and the slowing of industrial output growth in recent months.



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.