Poland Criticizes European Response to Crisis

Despite bucking the economic gloom of the euro zone in recent years, Poland’s Finance Minister warned that the region’s debt crisis could derail the economic strides made by the country.

“Forty percent of our GDP is exports and we are well aware of being hostage to Europe but we have proved as in 2009 when we were the only country in Europe to not suffer a recession despite very strong headwinds, that we have a remarkably resilient economy, there’s an innate strength,” Jacek Rostowski told CNBC.

Growth in the country is expected to slow to 2 percent this year from 4.3 percent last year.

“Next years’ growth will be in line with our expectations and [we] expect a slow start to 2013 and a recovery in the second half of 2013,” he said.

His Treasury Ministry has downgraded the forecast for growth in 2013 from 2.9 percent to 2.2 percent.

via CNBC

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