EBRD lowers Poland's 2013 GDP growth forecast to 1.2 pct

The European Bank for Reconstruction and Development (EBRD) has lowered its forecast for Polish GDP growth in 2013 to 1.2 percent from 1.5 percent forecasted in January, the bank's May report said. The bank expects the Polish GDP growth rate in 2014 to accelerate to 2.0 percent. The EBRD predicts that Poland's 4th quarter GDP growth will reach 1.5 percent year-on-year while Poland's 2013 CPI - 1.5 percent.