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Next year’s budget to assume 2.9% GDP growth


2012-06-13



The government on 12 June approved the macroeconomic parameters for the 2013 budget. The document forecasts real GDP growth of 2.9% next year, an acceleration compared with 2.5% growth projected for 2012. It further assumes that average annualised inflation will ease to 2.7% in 2013, with real wage growth in the national economy predicted to amount to 2.8%. The registered unemployment rate will stand at 12.4%.

The general government deficit is projected to fall to 2.2% of GDP next year from 2.9% at the end of 2012, and the central budget deficit is forecast not to exceed PLN 32bn (€7.4bn) in 2013, compared with a 2012 projection of PLN 35bn (€8.1bn).



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