S&P sees Poland's GDP growth at 3-4% in mid-term, need of reforms to boost it

2011-11-04 17:24:49

Standard & Poor's Ratings Services forecasts Poland's GDP growth at 3-4% over the medium term, based on solid private consumption and robust private and EU-funded investment.

However, it has said in a statement that it believes Poland has the potential to grow strongly in 2011, and beyond, provided the incumbent government can push through key structural reforms, e.g. pursuing fiscal consolidation, continuing with its privatization program, boosting spending on information and communications technology, and further labor-market deregulation.

The Polish government expects the economy to expand by 4.0% this and next year.