Despite the economic slowdown, Poland´s Minister of Finance Jacek Rostowski demonstrates optimism.
According to Rostowski, Poland´s GDP will grow by 2.2% this
year. Rostowski underlines that the initial forecasts will not be
changed. At the moment, there are no substantial reasons to change the
forecasts. In the fourth quarter of 2012, the economic growth only came
at 1.1%, though. Moreover, an economic upswing is not in sight yet. At
the beginning of the year, Rostowski said that the upswing is expected
to become visible in the second half of 2013.The economic slowdown is mainly due to the stagnating consumption and the decrease in foreign direct investments. Besides that, Poland still suffers from a high unemployment rate. At the beginning of January, the unemployment quota exceeded that 14% threshold.
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