Fitch expects Poland's GDP growth to decelerate to 2.8% in 2012.

By bne IntelliNews March 1, 2012
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.

Related Articles

EC refers Poland to court for delay on renewable energy rules.

The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more

ZEW Economic Sentiment Indicator for Poland surges to 42.9pts in February.

The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more

FinMin: Poland to inject EUR 5.5bn of FX reserves to ECB upon euro-zone entry.

When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335