EC gives the Polish economy a glowing report

According to the Commission, the main driver of the Polish economy will be internal demand fuelled by rising wages. The transfers of EU funds will also contribute to growth. "The impact of the EU funds is large and positive, but growth is not only due to them," said Joaquin Almunia, the EU Commissioner for Economic and Monetary Affairs. Economic growth will be accompanied by rising inflation which will hit 2.4% on average a year. However, this does not seem to worry the Commission. "The extremely low inflation rate in Poland in the past resulted from the permanent appreciation of the złoty. Now the inflation rate is returning to its normal level and is moderate," said Almunia. However, the Commission has less favorable words when it comes to its assessment of the Polish budget. (Rzeczpospolita, p. B2; Gazeta Wyborcza, p. 25; Dziennik, The Wall Street Journal Supplement, p. 3) E.B.