NBP governor predicts 5% economic growth in 2004

Governor Leszek Balcerowicz of the National Bank of Poland said on Thursday 31 July that reforms of public expenditure were needed to reduce Poland's budget deficit.

Source: Warsaw Business Journal

The National Bank of Poland (NBP) Governor Leszek Balcerowicz said yesterday that the economic growth in 2004 might equal 5%, however, without a proper reform of public finances the upturn would not last very long. "The market economy consists of cycles, the period of a slowdown is followed by an upt

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