Poland’s economy expansion slowing

22 March 2012

Poland’s economy expanded again in February, but in the past, these types of slowdowns have proven to be temporary, said central bank chief Marek Belka. “The data show that the economy is slowing down, but I would not raise alarm,” Belka said. “Already in July and August we had months of a possibly even deeper slowdown and it turned out to be temporary.” According to Central Statistical Office (GUS), industrial output was 4.6 percent higher than it was in February 2010, though market expectations was for closer to 8.6 percent. Compared to January, output fell 1 percent, managing just 1 percent growth.

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