Deutsche Bank called the cheapest currency in the world

Deutsche Bank назвал самую дешевую валюту в мире

According to German analysts, the zloty today “very cheap” and the Polish currency is now undervalued by about 10%.

According to economists at Deutsche Bank Polish zloty today is “the cheapest currency in the world”.

As informs the Polish radio, the situation with the value of Polish zloty researched group Global FX Research with Deutsche Bank.

According to German analysts, the zloty today “very cheap” and the Polish currency is now undervalued by about 10%.

The experts allow us to assert that the zloty exchange rate will rise. This should contribute to the economic growth of Poland, high indicators of business activity, record low unemployment and wage growth.

Experts predict that the growth of the Polish economy in 2016 and 2017 will amount to about 3.5%.

The publication notes that the data of the German analysts generally support the recent forecast of the European Commission, which Poland’s economy in 2016 will grow in the range from 3.5 to 3.7%.

Earlier, rating Agency Standard & Poor’s (S&P) downgraded the credit rating of Poland by one notch to BBB+.

The economy in Poland and Hungary falls for the first time since 2012

Source