Boston, MA -- (SBWIRE) -- 02/20/2014 -- The economic recovery in Poland continues to gather momentum, with leading and coincident indicators - particularly retail sales and wage growth - pointing towards improvements in domestic demand in addition to the export-driven real GDP growth that arrived in the second half of 2013. The acceleration in euro area growth, particularly in key trade partners such as Germany will continue to drive forward Polish export growth. Furthermore, the recovery in international trade will continue to feed-through into the labour market, resulting in positive employment gains as hiring improves. On the back of this improving outlook, we revised up our real GDP growth estimates for 2013 to 1.4% from 1.2% previously, and raised our forecast for 2014 to 2.6% from 2.3%. Although we are optimistic about Poland's growth prospects, we are more cautious regarding metal consumption and production prospects. Key metal consuming segments such as autos and particularly construction will underperform.
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