Poland’s Tusk: “no stagnation, no recession” | beyondbrics

Poland’s Tusk: “no stagnation, no recession” | beyondbrics:

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Poland’s economic slump is over – that’s the word from Donald Tusk on Tuesday at an annual economic forum in the Polish mountain resort town of Krynica, announcing the start of an economic rebound that may also bolster the Polish premier’s sagging political fortunes.

“I have bad news for the pessimists. There will be no stagnation and no recession,” a confident Tusk told the politicians, businessmen, think tank types and lobbyists who rub shoulders at the forum.

He predicted that Poland’s economy could be growing as quickly as 2 per cent by the last quarter of this year and that growth for the year could come to 1.5 per cent – more than the World Bank’s estimate of 1 per cent. By early 2014, Tusk said the economy could be growing at more than 3 per cent."

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