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Poland: Economic Upswing not before 2014

Politics ♦ Published: July 16, 2013; 17:06 ♦ (Vindobona)

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Poland´s National Bank NBP expects that the country´s economic performance will not improve visibly this year.

Poland: Economic Upswing not before 2014 / Picture: © Wikimedia Commons [CC0 1.0] / Pixabay [CC0 Creative Commons]

For Poland, the expected economic upswing must be delayed one more time. After a series of base rate cuts, the economic growth does not accelerate at all. Since the end of 2011, Poland has been registering a visible economic slowdown. In the first quarter of 2013, GDP growth only was 0.1%.

According to NBP, there are no signs of an economic trend reversal yet.…