EU Predicts Polish Economy Will Expand at Bloc’s Fastest Pace This Year
Poland, the European Union’s largest eastern member, will post the 27-nation bloc’s fastest economic growth this year, driven by corporate investment,the European Commission forecast.
Gross domestic product will grow 2.5 percent, with quarterly expansion of about 0.5 percent during the year, the EU’s executive arm said in a statement today. Spending on road and rail upgrades for the Euro 2012 soccer championship will help boost the pace of growth, it said.
“Investment spending growth is expected to remain robust, supported by accelerating private investment,” the commission said. “The corporate sector is likely to continue to increase capacity, financed by intensifying inflows of foreign capital, retained earnings and growing corporate credit.”