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
European cities may still be feeling the pinch of the global recession.
more »
The EBRD Board of Directors has approved a $50 million convertible loan to Petrolinvest to finance the completion of exploration works at the company’s main oilfields.
more »
The European Commission welcomes the adoption today at the United Nations in Geneva of the first international regulation on safety of both fully electric and hybrid cars.
more »
Bloomberg has today announced that Lithuania had the outlook on its credit rating raised by Fitch Ratings after the Government implemented an austerity program to curb the budget deficit.
more »
In January 2010, compared with December 2009, the highest increase in retail trade in the EU-27 Member States was observed in Lithuania.
more »
Three thousand former car, refrigerator and construction workers in Germany and Lithuania will get €7.6 million in EU globalisation adjustment fund aid for training, self-employment and job guidance after Parliament gave the green light on Tuesday.
more »
Some 80% of Europeans continue to travel for their holidays according to a new Eurobarometer survey on ‘The attitudes of Europeans towards tourism 2010’.
more »
The EU's internal market will be under scrutiny Tuesday when a series of reports will be debated by MEPs in Strasbourg.
more »
EU Employment and Social Affairs Ministers today agreed on a new facility to provide loans to people who have lost their jobs and want to start or further develop their own small business.
more »
Over €7.6 million in financial aid for training and self-employment could be available to former workers in German and Lithuanian if MEPs back the measures Tuesday.
more »