A positive move

Polish government has announced an amendment to the 2009 budget project, according to which GDP will grow by 3.7 percent, and not by 4.8 percent as previously estimated.

Former Polish minister of finance and deputy prime minister, Leszek Balcerowicz approved the corrected version of the projected economic growth for 2009. "Generally, I may say that the acceptance of more realistic assumptions concerning the economic growth is a positive step. It's good that the budget adheres to the future reality," he said.

Asked if the Polish government was right to present such an optimistic forecast, the expert answered that "it fits the realistic limits."

"There is so much uncertainty about the future economic development, concerning not only Poland, but the whole world. It cannot be ruled out that the growth of Polish economy might be even slower. The next year will be difficult for Poland," Balcerowicz said. (NZ)

Source: Puls Biznesu