Poland Looking to Cut 2013 GDP Estimates

Polish Currency

Now expecting a much slower growth than previously expected, Poland’s 2013 GDP is down to 2 to 2.5%, significantly lower than the current 2.9% estimate.


Poland's finance ministry will likely cut its forecast of the country's economic growth for 2013 because of prolonged financial turmoil in the euro zone, according to Ludwik Kotecki, chief economist at the ministry.

The country's GDP will probably expand 2%-2.5% in 2013, slower than its current official estimate of 2.9%, Mr. Kotecki said Wednesday in an interview with radio TOK FM. The government currently projects 2012 growth of 2.5%. The official revision will likely come at the end of August, he added. Continue Reading

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