Poland set for GDP hike as real wages increase

GDP in Poland is set to rise by 2.2% this calendar year after a 1.1% increase last year, according to Istvan Racz, director at Credit Suisse First Boston. Strength in demand should continue to increase through the year because real wages have risen as inflation has fallen. The economy is also set to benefit from increasing export growth due to a pick-up in demand from Western European economies, he says. Others are less bullish on the economy, however. Pawel Szymanski, head of Polish equity research at SchroderSalomon SmithBarney, predicts growth of just 0.9% in 2002. He says t...