Fitch lowers its forecast of Poland's GDP in '20

Rating agency Fitch has lowered its forecast of a decline in Poland's GDP dynamics in 2020 to -1.7 percent y/y from -0.6 percent estimated at the beginning of April. On the other hand, the agency increased its estimate of Poland's GDP growth rate in 2011 to 4.3 percent y/y from 3.8 percent.

The report does not provide any justification for the forecasts for Poland.

The authors of the report estimate that in Q1-Q4 2020, Poland's GDP will amount to 2.5 percent, -3.9 percent, -3.3 percent, -1.9 percent respectively.

(PAP)