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Credit Suisse predicts 3% growth in 2012


Credit Suisse, the Swiss financial services group, is the latest financial institution to revise upwards its forecast of economic growth in Poland in 2012 and 2013. In its Emerging Markets Daily published on 2 March, Credit Suisse said it now expects the Polish economy to expand by 3% this year, instead of 2.8% as initially forecast. In 2013 GDP growth is projected to accelerate to 3.5%, compared with 2.8% in the previous forecast.

The upward revision came in response to the release of better-than-expected data for GDP growth in the fourth quarter of 2011 on 1 March (see the news item "GDP growth at 4.3% y-o-y in Q4"). It also reflects a higher-than-anticipated estimate of economic growth in 2011 as a whole.

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