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Moody's lowers Poland's GDP outlook for 2016, 2017

Xinhua, December 9, 2016 Adjust font size:

International rating agency Moody's has downgraded Poland's economic growth forecast for 2016 and 2017 to 2.8 percent and 2.9 percent from the earlier 3.1 percent and 3.0 percent respectively, according to a Moody's report released on Thursday.

"Slower than expected quarterly growth raises the risk that the GDP growth for the whole year would fall below 3 percent in 2016. The dynamic for 2017 will also be lower," Moody's report said.

It added that the slowdown of global and regional growth, investments and trade also triggered the downgrade. Endit