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Polish Government to Leave Austerity Path
Politics ♦
Published: July 17, 2013; 16:15 ♦ (Vindobona)
In order to boost Poland´s economic growth, the government wants to ease the fiscal discipline.
Polish Government to Leave Austerity Path / Picture: © Wikipedia / Gnesener1900
After a series of base rate cuts, the economic growth does not accelerate at all. Since the end of 2011, Poland has been registering a visible economic slowdown. In the first quarter of 2013, GDP growth only was 0.1%. What is more, Poland´s National Bank NBP expects that the country´s economic performance will not improve visibly this year.
Due to the weak economic growth…
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