Economic growth seen lower than expected

Poland's economy might not grow to the expected figure of 5.5 percent in 2008, according to Deputy Finance Minister Katarzyna Zajdel-Kurowska.

Zajdel-Kurowska told TVN CNBC in an interview that Poland's economy will grow by between 4.6 percent and 5.0 percent in 2009, revealing a firm indication that the ministry might cut its projected forecast.

"Right now we are working on scenarios of between 4.6 and 5.0 percent," she said.  adding that inflation could ease to around 3 percent by the end of 2009.

In July, inflation hit a seven-year high of 4.8 percent, well above the central bank's target of 2.5 percent. The central bank is expected to hike interest rates again in October from its current 6.0 percent to fight inflation.

Source: Reuters, TVN CNBC