Danske Bank notes as follows on Thursday.... We are becoming slightly more optimistic on the outlook for the Polish economy - mostly on the back of an improved outlook for the eurozone. So, while we expect lower GDP grow…
We are becoming slightly more optimistic on the outlook for the Polish economy - mostly on the back of an improved outlook for the eurozone.
So, while we expect lower GDP growth in 2015 than in 2014, we nonetheless expect growth to pick up during the year and into 2016.
Hence, we now expect 2.9% growth in 2015 and 3.2% growth in 2016. There has been some concern about the state of Polish households with Swiss franc loans but we do not think the recent sharp appreciation of the franc to have any major impact on overall Polish growth.
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Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
