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
Economic growth in Estonia soared by 6.8 percent year-on-year in the first quarter of this year
more »
Lithuania’s economy may reach the level of old EU member states in 18 years
more »
Estonia, Lithuania and Slovenia on Sunday became the first EU newcomers to join the "exchange-rate mechanism"
more »
European stocks rose, paced by airlines including British Airways Plc and trucking companies such as Exel Plc, as increased oil supplies from Iraq
more »
The European Commission concedes its been pointing a little too hard at the piggy bank lately
more »
Small companies having less than 10 employees and annual revenues up to LTL 1 million (EUR 290,000) will have a zero profit tax rate
more »
Industrial group Siemens AG won't move 2,000 phone assembly jobs from northwest Germany to lower-wage Hungary
more »
Russian oil firm Yukos has brought in government insider Viktor Gerashchenko to spearhead its effort to avoid bankruptcy by seeking to settle a massive tax bill
more »
The size of Hungary's budget deficit is likely to attract strong criticism from the European Union
more »
Radisson SAS Hotels & Resorts, the first class hotel brand of Rezidor SAS Hospitality, has signed an agreement to manage its first hotel in Macedonia
more »