Poland’s GDP Growth 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.

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