Poland's GDP to fall to 1.5 percent?

JP Morgan has lowered its GDP predications for Central and Eastern European countries with Poland's falling to 1.5 percent in 2009, that's more than half of the National Bank of Poland's forecast and the European Commission, respectively.

Details of the report will be released in the upcoming days, however, the banks' analysts are stating that the economies of certain countries in the euro zone are slowing down, as the global economy heads towards recession. According to JP Morgan, Poland's GDP will reach 1.5 percent in 2009, meanwhile the National Bank of Poland has forecast Poland's GDP to reach 2.8 percent, while the EC predicted 3.8 percent.

Sources: Puls Biznesu, Dzinnik