Szczurek: weaker złoty desired

The Ministry of Finance will decrease the next year’s GDP estimates from 3.8 percent to 3.4 percent, Poland’s Finance Minister Mateusz Szczurek told TOK FM, a Polish radio, on Friday. The minister also discussed weaker złoty. According to Szczurek, worse position of the złoty was something natural and desired and was the result of Europe’s slower economic recovery and the situation of international trade in both eastern and western European regions. The floating currency rate makes the economic situation more stable. The minister explained that the lower GDP estimates as of 2015 would be the result of the euro zone economic situation, rather than the trade conflict with Russia. Possible deflation and come-back of recession in the EU countries are more problematic, added Szczurek.