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JP Morgan has upgraded its annual average economic growth forecast for Poland to 3.5% from 3.2% forecasted earlier. The analysts have also assumed that Polish year-to-year GDP growth in Q2 2010 will be 3.6%.

The main argument to upgrade the forecast for Poland were surprisingly good news concerning the industrial activity. The analysts point out that supplementation of stocks and final sales will be the key factors of growth of Polish economy in the next quarters.
JP Morgan’s forecast is better than the OECD forecast (dated May 2010), which assumed that the Polish economy would grow to 3.1%. Therefore, JP Morgan’s forecast is the best among all forecasts published by the key European financial institutions.