JP Morgan gives high marks to nation's macroeconomic prospects

The bank's analysts expect the plan to be approved by the parliament in March, helping rebuild the markets' confidence in the country. JP Morgan expects 4.8% GDP growth this year, the highest among accession countries, despite persisting high unemployment rates and weak domestic demand. The report also says the country is close to meeting the Maastricht criteria for joining the monetary union, though it does not expect the adoption of the euro before 2009-2010. (Puls Biznesu, p. 8) A.N.