Morgan Stanley lowers Poland's GDP growth forecast

Investment bank Morgan Stanley has lowered Poland's GDP growth forecast to 3.1 percent in 2016 and in 2017 after a worse than expected Q1 result and amid concerns over economic slowdown in the euro zone following Brexit. "Poland's economic growth totaling only three percent in Q1 was lower than expected and will influence the full year result. Additionally, we have included the possibility of a slow down in the euro zone cause by Brexit to the forecast... Considering both factors, we assume that GDP will grow by 3.1 this and next year," a statement said.