Polish job losses slowed in January, defying forecasts they would accelerate on an annual basis and suggesting consumer demand may boost a rebounding economy. Employment at companies with more than 9 employees fell 1.4 percent from a year earlier, after declining 1.8 percent in December, the Statistical Office said today. The median forecast of 10 economists was for a 2.1 percent decrease.
Poland’s economy expanded 1.7 percent last year, making it the sole EU member to avoid an economic contraction. The economy will expand as fast as 3 percent this year, according to the government’s euro convergence plan published earlier this week.
Read more:http://www.businessweek.com/news/2010-02-16/polish-job-losses-slow-boding-well-for-recovery-update1-.html
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