By Ewa Krukowska
Nov. 28 (Bloomberg) -- Goldman Sachs Group Inc. revised down forecasts for economic growth and interest-rates in Poland and the Czech Republic, citing deteriorating demand for their exports and weaker access to financing.
Economic expansion in the Czech Republic will slow to 0.8 percent next year from a previously forecast 2.5 percent, Goldman said in a research note dated yesterday. The benchmark interest rate will drop 1.25 points to 1.5 percent in the next six months, compared with an earlier prediction of 2 percent, the bank said.
Poland’s economic growth will slow to 2.1 percent next year from a previously forecast 3.6 percent and the main rate will fall to 3.5 percent by the end of 2009, according to the report.
To contact the reporter on this story: Ewa Krukowska in Warsaw at ekrukowska@bloomberg.net
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