IMF may revise up economic forecast for Poland

IMF may revise up economic forecast for Poland
3rd August 2009

Polish representative in The International Monetary Fund (IMF) and former Deputy of Ministry of Finance, Katarzyna Zajdel-Kurowska said today that IMF is considering lifting economic forecast for Poland.

The current forecast is 0.7% contraction in 2009 and 1.5% growth in 2010.

The reason is that Polish economy is doing much better than most of the economies in Europe and in the world, so the current prognosis may be too pessimistic in opinion of The IMF's economists.

According to the preliminary estimates, Polish GDP grew in Q2 at similar rate that in Q1, i.e. 0.8%.

The IMF's positive evaluation of Polish economy wasn't affected by the recent government announcement that euro adoption in 2012 would be not possible and budget's amendments, which increase the deficit.

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