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IMF forecasts 2.1% growth in Poland in 2013


The International Monetary Fund (IMF) has lowered its forecast of GDP growth in Poland this year and next but projects it to remain above 2%, a higher rate than in the vast majority of EU countries. In its latest World Economic Report released on 8 October, which paints a grimmer picture of the global economic outlook and predicts only anaemic recovery in the eurozone in 2013, the Fund puts the projected rate of economic expansion in Poland at 2.4% in 2012 and 2.1% in 2013. Consumer inflation is forecast to slow to 3.9% this year and to 2.7% next, and the LFS unemployment rate to go up to 10% and 10.2%, from 9.6% in 2011.

Three EU countries are expected to achieve faster growth than Poland in 2012 (Latvia, Lithuania and Slovakia), and six in 2013 (the same three countries plus Estonia, Romania, and Sweden). Slovakia is to see growth of 2.6% in 2012 and 2.8% in 2013, while the Czech and Hungarian economies are to experience a 1% contraction this year and to grow by 0.8% in 2013.

The eurozone economy is to decline by 0.4% in 2012, before picking up to grow by 0.2% in 2013.

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