Economic growth is not due to gov't policy warns report

According to the "Report on the state of the Polish economy" prepared by the experts from the Polish Economists Association (TEP), the acceleration of the economic growth observed from 2003 is not the result of government economic policy, neither the current policy nor the policy of the previous administration. The authors of the report point to the fact that the current good condition of the Polish economy results from the good economic situation in the world, EU membership and  lower inflation. Professor Jan Winiecki who headed the team who prepared the report said that the policy of the government is exactly opposite to what it should be. "During economic expansion public expenditure should be cut and attempts should be made to achieve a budget surplus and repay public debts. But exactly the opposite is happening," said Widacki. He added that, "The government's predictions of 5% annual economic growth by 2010 are completely unreliable." The authors of the report warn that the negligence of subsequent governments may result in higher inflation and interest rates as well as an economic slowdown. (Puls Biznesu, pp. 1, 9) E.B.