Minister of Economy: Bigger threats from the West

Janusz Piechociński, the Polish minister of economy, opines that in his predictions, this year's GDP is going to increase by 3 percent. As he suggests, a bigger threat to the growth comes from the economic downturn on the West then from the Eastern crisis. "The GDP slack in Q2 from 3.4 percent in Q1 to 3.2 percent was only partially caused by the crisis in the East. We concentrate on what is happening beyond the Eastern border, not recognizing the negative signs from the West" said Piechociński in an interview for Dziennik Gazeta Prawna. The Ministry of Finance kept the 3.3 percent GDP forecast, but has signaled a possible change in the assumptions for 2015, which predict 3.8 percent economic growth.