Poland upholds 2.2pct growth forecast for 2013 - Finance Minister
March 5, 2013
The Polish government stands by its 2.2% GDP growth forecast as written in the 2013 budget in the light of the Q4 2013 GDP data published last week, Finance Minister Jacek Rostowski told reporters on Monday.
"We maintain forecasts we have included in the budget, we don't revise them every few weeks, we stick to them as long as there are no serious reasons for amending the budget," Rostowski said.
The minister said that much will depend on the decisions of the Monetary Policy Council. I want to stress that the government has done all it could to raise credit availability but the cost of credit is in the hands of the Council"," said Rostowski.
At the same, Poland will not hesitate to amend the budget if external conditions force the country to do it, he added.
Poland's GDP grew 1.1% year-on-year in Q4 2012, with investments down by 0.3% to bring domestic demand to 0.7% annual decline, the Central Statistical Office (GUS) preliminary estimates out Friday showed.