“The Polish economy is slowing down, but the country won’t be hit by recession,” Janusz Witkowski, head of the Central Statistical Office (GUS), told reporters last Friday. A day earlier, GUS had revealed that Poland’s GDP growth fell to 2.4 percent in the second quarter from 3.5 percent in the first three months of 2012.

According to Mr Witkowski, the risk that GDP growth won’t reach 2.5 percent (which is the value predicted by the government in the country’s budget for this year) is very low. However, he warns that despite solid fundamentals, the Polish economy will not accelerate as long as the euro zone remains in crisis.

Poland A.M.