11/08/2006

Poland's GDP to grow 5.2 pct in 2006: EC

Poland's gross domestic product (GDP) will grow by 5.2 percent in 2006, the European Commission predicted in its Autumn Economic Forecast for the European Union published on Monday.

It meant that the commission revised upward its September forecast for the country's economic growth by 0.2 percent and the forecast made in last Spring by 0.5 percent, the PAP news agency reported.

The main reason for the optimism is climbing domestic demand, the European Commission said. The upward trend of home demand in Poland is expected to continue in the coming years, the commission forecast.

According to the European Commission, Poland's economy is expected to grow by 4.7 percent in 2007 and by 4.8 percent in 2008.

Source: english.people.com.cn



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