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


 

Goldman Sachs forecasts 2% growth in 2012, rise in M&A activity


2012-02-01



The Polish economy will grow by 2% this year before accelerating to 3.3% in 2013, according to an updated forecast from Goldman Sachs. The US investment bank expects domestic demand to soften substantially in 2012 as a result of fiscal consolidation measures implemented by the government. However, the actual rate of GDP growth will depend to a large extent on the health of the eurozone economy, and if Poland’s key trading partners maintain their current positive performance, the growth forecast might be revised upwards, Goldman’s Magdalena Polan said at a news conference on 31 January.

The US bank expects interest rates in Poland to remain intact throughout 2012-2013, and the zloty to strengthen against both the euro and the US dollar in the course of this year.

According to Goldman Sachs, Poland is also likely to benefit from a rise in mergers and acquisitions (M&A) activity by foreign investors, as part of a wider improvement in sentiment towards emerging-market assets in a period of low interest rates in the United States. With attractive valuations and with relative ease of securing deal financing, M&A activity in Poland could go beyond the "usual" sectors such as financial services or utilities and extend to e.g. food or pharmaceuticals, the US bank reckons.



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.