The slowdown of the Polish economy continues. The government is becoming impatient.
According to the European Bank for Reconstruction and Development, Poland will grow by 1.5% this year. The IMF was slightly more optimistic and forecasted a GDP growth of 1.8%. In October, EBRD has forecasted a growth rate of 2.2% for 2013. Last year, Poland´s GDP was up by 2.0%, EBRD stated.
The Polish government wants the domestic economy to recover as soon as possible. As the unemployment rate already reaches 13%, a further increase would cause a substantial burden for the state budget. In the last weeks, Finance Minister Jacek Rostowski reaffirmed that NBP (National Bank of Poland) must lower the interest rate in order to support domestic consumption.
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