World Economy
0

S&P Cuts Poland’s GDP Growth Forecast

S&P Cuts Poland’s GDP Growth Forecast
S&P Cuts Poland’s GDP Growth Forecast

Rating agency Standard and Poor’s has cut Poland’s GDP growth forecast for last year to 2.8% and to 3.2% for next year, Radio Poland reported. Previous S&P’s forecasts had predicted the Polish economy would grow 3% in 2016 and 3.3% in 2017. The agency—one of the “big four” rating companies—in December decided to keep Poland’s rating unchanged at BBB+ but raised the country’s outlook to stable. In January last year, S&P lowered Poland’s rating to BBB+ from A- and changed its outlook to negative. That move sparked anger in Warsaw, with the Polish finance ministry calling the decision “incomprehensible”.

 

Add new comment

Read our comment policy before posting your viewpoints

Financialtribune.com