Poland may fulfill European Union demands to cut its budget deficit below the 3 percent of gross domestic product cap required for euro adoption in 2012 as economic growth accelerates, a senior government official said. The government raised its growth forecast to 3 percent this year from an earlier 1.2 percent estimate, said the official, who declined to be named because the forecasts haven’t been officially approved. Output may expand more than 4 percent in 2011 and 2012, helping trim the gap to 6.9 percent of GDP in 2010 and 2.9 percent in 2012 from 7.2 percent in 2009, he said.
Read more:http://www.businessweek.com/news/2010-02-08/poland-to-approve-program-to-meet-euro-adoption-target-today.html
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