Fitch raises GDP growth forecast for Poland

Poland’s GDP will grow by 3 percent year-on-year in 2014, according to an updated forecast published by the Fitch ratings agency. In December 2013, the agency predicted this year’s growth would be 2.4 percent. Fitch expects a public finances surplus of 4.5 percent of Poland’s GDP in 2014, and a 2015  deficit of 2.9 percent. “The pension system reform is generally neutral from our point of view,”  Paul Rawkins from Fitch was quoted by the Polish Press Agency as saying. In order to help its rating, Poland should improve its public debt-to-GDP ratio and reduce its external debt, he said. /kw