Moody's: Growth slowing in Poland

Moody's Investors Service said in a new report that Poland's A2 government bond ratings are supported by high economic, institutional and government financial strength.

The outlook is stable, although the report expresses concerns surrounding steeply rising fiscal deficits and deteriorating government debt metrics in the aftermath of the economic crisis, as well as slowed economic growth potential, Moody's said.

Poland's economy amply demonstrated its resiliency through the global economic crisis, the agency said.

After expanding by 5% in 2008, real GDP growth is expected to be more than 1% in 2009, making Poland the only country in the European Union able to avoid a recession, Moody's said.

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