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S&P cuts Poland’s GDP growth forecast

PR dla Zagranicy
Paweł Kononczuk 10.01.2017 14:59
Rating agency Standard and Poor's has cut Poland’s GDP growth forecast for last year to 2.8 percent and to 3.2 percent for this year.
Photo: pexels.comPhoto: pexels.com

Previous Standard and Poor's forecasts had predicted the Polish economy would grow 3.0 percent in 2016 and 3.3 percent in 2017.

The agency - one of the "big four" rating companies - in December decided to keep Poland's rating unchanged at BBB+ but raised the country's outlook to stable.

In January last year, Standard & Poor’s lowered Poland's rating to BBB+ from A- and changed its outlook to negative. That move sparked anger in Warsaw, with the Polish finance ministry calling the decision “incomprehensible”.

The Fitch and Moody's agencies are expected to issue ratings for Poland on Friday.


Source: PAP

tags: GDP growth
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