This year's GDP decline may exceed 3.4 pct - finance ministry

Poland's Ministry of Finance does not rule out a downward correction to its current GDP growth forecast of minus 3.4 percent, the deputy director of the ministry's macroeconomic policy department, Joanna Beza-Bojanowska, told a Wednesday press conference.

"There is probably a downward correction to this forecast (negative GDP growth of -3.4 percent in Poland - PAP)," Beza-Bojanowska said. "It looks like that forecast was too optimistic. The European Commission, which published a forecast several weeks after us, showed a projection of -4.3 percent."

She added that the market consensus assumes that Polish GDP will fall this year by between 4 and 5 percent.