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


Bank Sarasin forecasts 4% growth in Poland in 2012


Bank Sarasin, a leading Swiss private bank, has delivered an optimistic forecast of economic growth in Poland in 2011-2012. It expects GDP growth in the country to slow somewhat to 3.6% this year, before rebounding to 4% already next year. The unemployment rate is projected to rise to 11.8% before the end of the year, only to fall to 11.3% in 2012, while average annualised inflation is to be 4.4% in 2011 and 3% in 2012.

According to Jan Amrit Poser, the chief economist at Bank Sarasin, the new government is likely to raise taxes in order to meet its deficit and debt-reduction targets, whereas the Monetary Policy Council (RPP) may decide to cut interest rates to support growth.

Bank Sarasin, which is majority-owned by Rabobank of the Netherlands, at the end of June 2011 had assets under management worth CHF 101.6bn (approx. €81.9bn). It established a direct presence in Poland in March 2009.

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.