| Poland's economic growth will fall from 4.3% in 2011 to 2.8% in 2012, as economic activity in Poland's main trade partners and domestic demand slow, according to Fitch Rating's press release. The balance of risks is tilted to the downside. However, Poland is likely to remain one of the strongest-growing countries in the EU in 2012, the agency added. Last week, PM Donald Tusk said that Poland's economic growth may this year be higher than 2.5%, expected by the government and the European Commission, if nothing extraordinary takes place. Fitch also said it expects Poland's general government deficit to narrow to 3.5% of GDP in 2012 from an estimated 5.4% in 2011 and 7.8% of GDP in 2010. This should be sufficient for Poland to exit the EU's excessive deficit procedure, and for public debt to embark on a modest downward trajectory after peaking at around 57% of GDP in 2011, the agency concluded. |
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