Poland to stick to 2012% GDP growth forecast of 4%.

By bne IntelliNews September 27, 2011
Poland's finance minister Jacek Rostowski said the 2012 GDP growth forecast of 4% will not be changed, PAP news agency reported. The country's budget will reach its targets even at a lower 3% growth, but a higher economic growth in 2011 will serve as a stronger base for next year's GDP, Rostowski added. Despite the zloty exchange rate fluctuations, the country will not go beyond its 55% threshold for public debt to GDP ratio. Besides, the weakening of the zloty has nothing to do with the domestic, but with the global economy, the minister explained.

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