By Martin M. Sobczyk
WARSAW--The Polish central bank Wednesday said persistent consumer price deflation would end in the coming quarters and the economy would expand at a faster pace in 2017 than previously expected.
The central bank marginally increased its economic forecast for 2017 and 2018. It now expects the European Union's largest emerging economy to expand at the rate in the middle of the range of 2.2%-4.4% in 2018.
The bank slightly cut its growth forecast for this year to 2.5-3.4%. It said the economy was expanding at a stable rate, although third-quarter growth could be slightly lower than expected. Poland's gross domestic product grew 3.1% in annual terms in the second quarter.
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(END) Dow Jones Newswires
November 09, 2016 10:35 ET (15:35 GMT)
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