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
Business to get a break under streamlined EU VAT rules.
more »
Thales UK`s naval business has yesterday signed a major sub-contract with Finning (UK) Ltd for the supply of propulsion engines and machinery for its new Lithuanian warship reactivation programme.
more »
The EU Budget 2009 provides more money for growth, the environment, jobs, research and food aid for developing countries.
more »
On day one of the World Economic Forum in Davos, the mood of this traditionally bullish event -- pure gloom.
more »
In December 2008 against December 2007 the turnover of retail trade enterprises decreased by 8.8 per cent.
more »
Mexican financial institution Banco Santander has awarded Wincor Nixdorf AG a contract to service all 4,000 of its ATMs installed in Mexico.
more »
Wincor Nixdorf AG spent much of its time at this year's Wincor World demonstrating how Wincor Nixdorf can support financial institutions and retailers through innovation.
more »
South Korea may be feeling the chill wind of recession but the country's lucrative gambling industry is cashing in.
more »
Modest revenue growth despite difficult economy; announces cost management initiatives.
more »
Tens of thousands of export firms on China's seaboard have closed due to falling demand in major European and North American markets.
more »