Poland's Economic Expansion May Not Accelerate This Year, Kotecki Says

Poland’s economic growth rate may not accelerate this year after gross domestic product expanded a more-than-expected 3.7 percent in 2010, Deputy Finance Minister Ludwik Kotecki said.

Fourth-quarter growth “most likely” exceeded 4 percent, strengthened by public investments, Kotecki said in a Jan. 7 interview in Warsaw.

The base effect created by last year’s expansion means 2011 growth “won’t necessarily” exceed the 3.5 percent forecast contained in the government’s four-year financial plan, he said.

“Fiscal consolidation in the European Union as well as in Poland will weigh on the country’s economic growth in 2011,” Kotecki said.

To contact the reporter on this story: Dorota Bartyzel dbartyzel@bloomberg.net

To contact the editor responsible for this story: Willy Morris at wmorris@bloomberg.net

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