The OECD has upgraded its forecast for Poland's 2018 GDP growth to 4.6 percent from a previous projection of 4.2 percent.

The Organisation for Economic Co-operation and Development also upped its 2019 GDP forecast for Poland to 3.8 percent from 3.7 percent in a March projection.

“GDP growth is projected to remain strong in 2018, before softening somewhat in 2019,” the OECD said in a report.

It added: “Investment will pick up owing to faster disbursements of EU structural funds, and private consumption will grow strongly thanks to a buoyant labour market. Accelerating wages will underpin rising inflationary pressures.”

Poland’s Central Statistical Office (GUS) said on Wednesday that the country’s economy grew 5.2 percent in the first quarter of this year.

The reading was slightly higher than the 5.1 percent flash estimate issued by the statistical office earlier this month.

(pk)

Source: PAP