Poland ’s economy may expand by as much as 2% in 2010, according to the central bank’s Monetary Policy Council’s (MPC) Marian Noga.

Poland along with a handful of European economies has avoided recession in 2009 and has expanded by +0.9% this year. The 2010 budget bill envisages growth of +1.2%. However, Warsaw expects the 2010 budget deficit to hit the highest level in 20 years to stand at 52.2 billion zlotys, which further decreases chances that Poland would be able to achieve its plan of adopting the euro soon.

The Government expects the 2010 general government deficit to rise to about 7% of gross domestic product (GDP) compared with a 6.1% forecast by analysts for 2009.