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EIU: GDP growth in Poland to be 3.2% in 2012


Poland will remain one of the best-performing EU economies next year despite a projected slowing of GDP growth to 3.2% from an estimated 3.8% in 2011, according to the Economist Intelligence Unit (EIU).

According to the EIU, Poland’s relatively lower dependence on international trade compared with other countries of the region makes it less vulnerable to external developments, but the country’s GDP growth will still be slow by pre-crisis standards, reflecting continued high unemployment and sluggish government spending. At the same time, recent large inflows of portfolio capital are resulting in market volatility, the EIU said.

By way of comparison, the Czech Republic is forecast to grow by 2% in 2011 and 1.7% in 2012; Slovakia by 3.1% and 3.3%, respectively; and Hungary by 1.4% and 1.1%.

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