2/02/2007

NBP: Poland's Economic Future In The Pink - 5.7 Growth This Year

European Union member Poland can expect a rosy economy in the coming years, according to a Polish central bank (NBP) report issued Thursday.

Poland's GDP will grow by 5.7 per cent this year and around a 5 per cent in 2008-9. This compared to the 5.8 per cent GDP growth recorded in 2006 by Poland's Central Statistical Office (GUS).

Unemployment, currently hovering near 15 per cent and among the highest in the 27-member EU, is expected to drop to 10 per cent by 2009, according to the NBP report.

It also predicts strong investment in 2007-8 as well as growth in exports tallying at an average 8 per cent year-on-year in 2007-9. Imports are also expected to grow by 11 per cent annually.

Stable economic growth creates ample opportunity for a long promised reform of Poland's public finances, the NBP report notes.
Source:
playfuls.com



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