Belka: “Poland Is Free of Economic Imbalances”

People ♦ Published: December 6, 2012; 23:05 ♦ (Vindobona)

The governor of the Polish National Bank (NBP) admits that the economic slowdown is substantial, but no fundamental problem.

Belka: “Poland Is Free of Economic Imbalances” / Picture: © Flickr / NBP National Bank of Poland

The current economic situation would be serious, but Poland has no macroeconomic imbalances, Marek Belka said. As a result, Poland does not have to eliminate any inherited waste before the economy recovers. NBP´s governor does not think that Poland will fall in a recession next year. According to Belka, the current economic slowdown is cyclical. In the last quarter of 2010, Poland´s…