Poland, growth outlook positive with 3.7% expected in 2016
spring forecast EU Commission, general deficit set to increase
03 May, 18:09Private consumption should benefit from a fiscal stimulus and the dynamic labour market while price pressures are set to remain subdued. Following a sizeable fall in 2015, the general government deficit is projected to increase in 2016 and 2017.
The 7.5% unemployment in 2015 should fall to 6.8% in 2016 and to 6.3% in 2017. Polish exports are expected to continue growing robustly as contained labour costs and the zloty's exchange rate support cost-competitiveness. In addition, external demand is projected to gradually strengthen. At the same time, accelerating domestic demand is set to fuel imports so that the growth contribution of net exports is forecast to turn slightly negative in 2016 and 2017. (ANSA)