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Credit Suisse upgrades growth forecast for Poland


Credit Suisse (CS), the global financial services group, has raised its forecast of economic growth in Poland in 2012 and 2013, in response to official figures showing that the Polish economy expanded by a better-than-expected 4.3% in 2011. (CS had estimated last year’s growth at 4.1%).

The Swiss group now expects GDP growth in Poland to be 2.8% this year, up from previously forecast 2.6%. In 2013 the economy is projected to grow by 2.9%, up from 2.8%. According to CS, economic activity in Poland is likely to soften further in the first quarter following a slight deceleration in Q4 2011, but should recover gradually thereafter.

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