IS Zend Framework 2 work with PHP version 5.3.2?

Is Zend Framework 2 work with PHP version 5.3.2?. During the skeleton application installation i got following message.Is this just a warning or it will cause any problem in future?

D:\web\Apache24\htdocs\zendsample>composer create-project -n -sdev zendframework
/skeleton-application D:\web\Apache24\htdocs\zendsample
Your version of PHP, 5.3.22, is affected by CVE-2013-6420 and cannot safely perf
orm certificate validation, we strongly suggest you upgrade.
Installing zendframework/skeleton-application (2.4.11)

Solution

Make thinks short :

With PHP 5.3 you'll not able to use Traits and new features php 5.4 wich is used in most of vendor plugin and the framework itself.

Usually it's strongly recommanded to upgrade your PHP version.

From this link PHP version maintained PHP 5.3 is no longer maintained since 2014. It's antique. You'll be face to security issues and no evolution of your code will be possible.

To answer your question :

You'll not able to use traits
You'll faceing security issues
You'll not able to improve your code withe best practises (wich evolves permanently)
your views can't use short version for echoing stuff <?='toto'?>
All new features linked above are not supported with your version if it's used in the framework, you'll can't run the framework itself.
I recommend upgrade your version at least at 5.6 or 7 for a good longevity support

EDIT : 5.5 to 5.6 because 5.5 no longer supported.