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Belka: “We are at the Bottom of the Crisis”

Published: January 10, 2013; 19:45 · (Vindobona)

Governor of NBP (Polish National Bank) Marek Belka expects a soon economic recovery.

Belka: “We are at the Bottom of the Crisis” / Picture: © Flickr / NBP National Bank of Poland

As reported by Vindobona, NBP has cut the base rate by 25 bps today. Belka explained that the Polish economy is close to the bottom now. As a result, Poland is not endangered of a recession. Besides that, Belka thinks that the Polish economy will not contract further. According to recent economic forecasts issued by the government, the recovery will begin at the end of the first half…

This article includes a total of 98 words.

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