Szczurek: GDP grew by 2.9% y/y in Q4

Poland’s gross domestic product is estimated to have grown by 2.9 percent year-on-year in the fourth quarter of 2013, Finance Minister Mateusz Szczurek said at a meeting with investors on Wednesday. “The GDP growth rate in 2013 was rather disappointing,” he said. “It was higher than the average euro zone economic growth, but very slow in terms of the potential of the Polish economy.” The Finance Ministry expects 2014 economic growth to be higher than 2.9 percent y/y, Szczurek also said. Last week Poland’s statistics office GUS published a flash estimate that saw 2013 GDP growth stood at 1.9 percent y/y. /kw/jb