Moody’s lowers Poland’s GDP forecasts

Rating agency Moody’s has lowered its forecasts concerning Poland’s GDP to 2.6 percent in 2016 (from 3.1 percent) and 2.9 percent in 2017 (from 3 percent). “Slower than expected quarterly growth raises the risk that the GDP growth for the whole year would fall below 3 percent in 2016. The dynamic for 2017 will also be lower (Poland’s budget draft projects a 3.6 percent GDP growth in 2017). Taking into account the slowdown of global and regional growth, investments and trade, we’ve lowered our forecasts,” Moody’s report said.

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