ADVERTISEMENT

Poland expects 5.5% GDP growth in 2008

Analysis

Poland’s GDP growth is still expected to hit 5.5% in 2008 in spite of worse prognoses for the global economy, Polish Deputy Finance Minister Katarzyna Zajdel-Kurowska told Polish news agency PAP on Monday.

„We stand by our scenario for the next year,” she said. „Even though both IMF (International Monetary Fund) and the European Commission cut their prognoses for the global economy, the Polish economy is not as open as those of other countries. A possible slowdown in the European and global economy will not carry the same consequences for Poland’s economy as for the economies with much higher share of exports in GDP,” she said. „Home demand will be the main driving force in the Polish economy in 2008,” the minister noted. „We bet on domestic investments. Even if aversion of foreign investors to invest in Poland increases and FDI (Foreign Direct Investment) stream slows down next year, there is reason to expect that the Polish economy will grow at 5.5% in 2008,” Zajdel-Kurowska predicted. She confirmed earlier predictions that the GDP of Poland will grow by 6.5% this year. (people.com.cn)

ADVERTISEMENT

Slovenia consumer morale down in November Analysis

Slovenia consumer morale down in November

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.