A view of the Palace of Culture and and skyscrapers on Friday May 13, 2016, in Warsaw Poland. (AP Photo/Czarek Sokolowski)
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Poland has avoided a downgrade by the ratings agency Moody's, but its outlook was cut from stable to negative due to new government spending policies seen as risky to state finances and a more unpredictable investment climate.Poland has been one of Europe's most dynamic economies for years, with growth expected at around 3.5 percent this year and continued strong growth predicted for the coming years.In changing the country's outlook, Moody's cited the fiscal risks that stem from government promises to increase welfare spending and a plan to lower the retirement age.
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