GDP might slowdown in H2 – Piechociński

Poland’s GDP for Q2 “should stay above 3 percent” threshold, but it may slow down in the second half of the year, said Deputy PM Janusz Piechociński. “Along with all central and eastern Europe we are entering a phase of deflation,” Piechociński told reporters. “I would prefer bolder and more daring decisions from the Monetary Policy Council in this regard.” He also blamed the crisis in Ukraine and Russia as the reason behind the potential slowdown. Yet, he thinks that for the whole 2014, GDP growth should be “closer to 3.5 percent.”