8/27/2008

Fitch sees Poland 2008 growth easing to 5.2 pct-paper

WARSAW, Aug 27 (Reuters) - Poland's economic growth is expected to slow to 5.2 percent this year and to 4.6 percent in 2009, due to a slowdown in Europe, Fitch Ratings Agency's analyst David Heslam was quoted as saying.
On other hand Poland's growth will be supported by strong domestic demand, low unemployment, and a healthy labour market, Heslam said.
"We have revised our forecast for Poland's growth to 5.2 percent in 2008 and 4.6 percent in 2009," Heslam told Rzeczpospolita daily.
Ex-communist central Europe's largest economy expanded by 6.6 percent in 2007 but market analysts expect the growth will slow to 5.3 percent in 2008. The finance ministry has forecast an expansion of 5.5 percent.

Source: By Patryk Wasilewski,Kim Coghill
guardian.co.uk

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