Poland as CESEE´s Locomotive

BusinessEconomy ♦ Published: July 25, 2012; 16:49 ♦ (Vindobona)

This year, the CESEE region should record a growth rate of 1.7%. However, the situation is highly different.

Poland as CESEE´s Locomotive / Picture: © Vindobona.org

Today, EBRD (European Bank for Reconstruction and Development) upgraded its growth forecast for the CESEE region. Before, EBRD expected economic growth to reach 1.6%. The highest growth rate in Central, Eastern and Southeastern Europe is expected in Poland. A growth rate of 2.9% is anticipated, EBRD says.

Last year, Poland´s economic growth reached 4.3%. However, the budget…