Fitch affirms Poland's rating

Ratings agency Fitch has affirmed Poland's standing at A- for foreign currency bonds and A for zloty bonds, with a stable outlook, the firm said in an announcement on Friday. “A relatively robust and increasingly domestic demand driven economic recovery is underway,” the agency wrote about the Polish economy. “Fitch forecasts GDP growth of 3.4% in 2014.” “Stronger economic growth, increased flows to the budget from the downsizing of the open pension funds (OFEs), and some further structural consolidation should allow the general government deficit (GGD) to fall to 3.2%-3.3% of GDP in 2014 from 4.3% in 2013,” Fitch also said.