The European Bank for Reconstruction and Development (EBRD) says Poland's economy will grow by 2.5 percent in 2012, as opposed to the 2.9 percent it had predicted in July – making it only the latest in a slew of organizations (including the IMF and the World Bank) that have cut their growth forecasts for the country.

According to the EBRD, all the economies within the Central and Eastern Europe region will grow slower than it had forecast earlier this year. However, Poland and Bulgaria will stand out as countries who won't suffer from difficulties on the credit market, the bank said.

Nevertheless, it warns that the situation could take a turn for the worse, as Poland's economy has seen a significant slowdown in the second half of the year – retail and investments are falling more sharply than previously expected.

At the same time, the EBRD says that the situation is significantly better than during the global recession in 2009.

Poland A.M.