Szczurek: złoty appreciation doesn't affect GDP growth forecast

The appreciation of the zloty is a challenge for the Polish economy, but it is not a threat, Minister of Finance Mateusz Szczurek said on Thursday. Since the beginning of the year, the Polish currency has been strengthening against the euro. Currently €1 fetches PLN 4. Mateusz Szczurek stressed that economic growth in Poland is mainly based on investments and private consumption, so the strong złoty is not a direct threat to this year's GDP growth forecasts. The minister added, however, that exporters will be affected by the fall of the euro. The Minister believes that the biggest problem may be the rate at which the złoty is appreciating. He also stressed that any sudden changes in the currency market is problematic.