Polish Toledo

This blog is associated with www.polishtoledo.com

Friday, December 28, 2007

It's the economy, stupid

According to a report just published by the Central Statistical Office, Poland's economy continues to boom. In November industrial production was 8.3 percent higher than a year ago, productivity increased by over 6 percent and average pay by 9.2 percent.

State revenues were much higher than spending and in effect budget deficit was 80percent lower than expected.

Poland's unemployment continued to fall in November. The unemployment rate declined to 11.2 percent compared with almost 15 percent in the same period of last year.

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