Falls in unemployment and inflation will follow strong growth, says EU
Published:
28 October 2004 y., Thursday
In the coming two years Poland's economy will be among the fastest developing in the European Union, according to projections presented yesterday by the European Commission.
This year national revenue is forecast to increase by 5.8%, next year by 4.9% and in 2006 by 4.5%. In the spring analysts were less optimistic: 4.6% growth in 2004 and 4.8% in 2005 and 2006. According to the report's authors the stronger economic development will help balance the budget deficit, which should decrease to 3.1% in 2006. Inflation and unemployment are expected to decrease considerably in 2005. The projections for old EU members are much less favorable. Up to five countries in the Euro zone will not be able to reduce their budget deficit below the limits set by the Maastricht treaty.
Šaltinis:
wbj.pl
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
From the beginning of 2005, retail customers of OTP Bank holding a debit bank card can, for a unified fee, withdraw cash abroad using automated teller machines operated by the subsidiaries of the credit institution
more »
The City of Sofia will sell 80.5% of the statute capital of its Municipal Bank, one of Bulgaria's commercial banks with a full banking license
more »
Most major corporations avoided Slovakia even after the end of communism, wary of its authoritarian ruler and economic cronyism
more »
German low-cost airline Bexx Air, whose offices in Sofia were closed down in September for operating without a licence, is trying to go into business under a new name of "Imagine Air"
more »
An agreement between the governments of Russia and Belarus on regulations on collecting indirect taxes relating to exports and imports, as well as other business sectors will take effect beginning January 1, 2005
more »
The central bank will mount a legal challenge against the new law expanding the bank’s rate-setting Monetary Council
more »
Wizz Air flying high in Polish market, president expects to double traffic
more »
The Port of Klaipeda Handles More Cargos Than Amsterdam
more »
Latvia’s Parex banka plans branch opening in Stockholm for next spring
more »
According to data from Emerging Portfolio Fund Research, at the end of December 2004 Polish shares constituted almost 1% of all assets of the firms investing in emerging markets
more »