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Polish Zloty Weakens Slightly as Growth Forecast Revised Lower

November 30, 2016 at 11:30 by Vladimir Vyun

Polish coins on a zloty noteThe Polish zloty fell a bit today after the outlook for this year’s economic growth in Poland was revised lower.

Polish Finance Minister Mateusz Morawiecki stated that Poland’s economy is likely to grow between 2.5% to 3% this year. That is compared to the previous forecast of 3.4%. The Organization for Economic Co-operation and Development predicted growth of 2.6% in 2016 and around 3% in 2017–18 for Poland.

USD/PLN ticked up 0.03% to 4.1665 as of 11:20 GMT today, though right now the currency pair shows tendency to reduce its gains.

If you have any questions, comments or opinions regarding the Polish Zloty, feel free to post them using the commentary form below.

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