Revival of Polish Economy

Things Looking Up?

Things Looking Up?

Polish investors have drawn attention to the recent November report concerning inflation. According to data of the National Bank of Poland (NBP), the inflation rate in Poland in 2013 will reach 1% while GDP will be 1.3%. NBP forecasts are backed up by forecasts published by the European Bank for Reconstruction and Development at the beginning of the week. After a poor first half of the year, in which the tempo of economic growth fell below 1%, the latest data gives us hope for a revival in the next few months. Experts claim that the Polish economy, strengthened by a dynamic industrial sector, may have the best GDP in the region. The Ministry of Labour predicts a foreseeable improvement of the situation on the labour market, where, during the last 8 months, the number of unemployed people has decreased by 260,000.
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