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


EBRD raises growth forecast for Poland in 2011


The European Bank for Reconstruction and Development (EBRD) has upgraded its forecast of economic growth in Poland in 2011. The EBRD now expects the Polish economy to grow by 3.9% this year, up from 3.5% in its previous projection in October and faster than any other country in the Central Europe and the Baltics region. And the country’s economy is now estimated to have expanded by 3.6% in 2010, rather than by 3.3% as projected three months earlier.

In its latest quarterly economic report, the bank notes that growth in Poland “again surprised positively” last year, helped by resilient domestic demand and credit markets. However, the still high unemployment will continue to put a drag on household consumption in 2011, while a monetary tightening cycle likely to be pursued by the central bank “could aggravate problems from capital inflows”, with implications for financial stability. At the same time, stronger-than-expected growth in the eurozone and the US will boost external demand.

By way of comparison, the updated forecast for Central Europe and the Baltic countries puts projected growth in the region at 3.2% in 2011 after 2.5% in 2010. Economic growth in Slovakia is forecast to reach 3.7 this year, and the new projection for Hungary envisages growth of 2% (the EBRD no longer produces forecasts for the Czech Republic).

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.