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Poland lowers GDP growth forecast for 2012 draft budget
Published in Saudi Press Agency on 06 - 12 - 2011

Poland is poised to grow next year, but slower than originally forecast, dpa quoted Prime Minister Donald Tusk as saying Tuesday.
The country's budget, released Tuesday, foresaw 2.5-per-cent GDP growth next year; this is 1.5 per cent less than originally forcast, and an acknowledgment from Tusk's government that the economic storm clouds descending over Europe have now reached Poland.
"We don't want to take all the forecasts lightly, which are very sad, cautious and hardly optimistic when it comes to the eurozone and to Germany," Tusk said.
Tusk called the draft budget "cautious," and suggested that GDP growth in 2012 could, in fact, be higher than 2.5 per cent.
The draft outlines expenditures of some 329 billion zloty (98.9 billion dollars) and a government deficit of 35 billion zloty.
Commentators said the draft budget would likely gain parliamentary approval.


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