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Assumptions for 2009 Budget.
(From Polish News Bulletin)
Provisional assumptions concerning 2009 budget prepared by the Monetary Policy Council are based on the prediction that the slowdown in GDP growth in major world economies, including EU countries, will contribute to the lowering of economic growth in Poland and reduce the influence exerted by prices of raw materials, energy and food on inflation. On the other hand, though, high expectations concerning inflation growth may cause the so called second round effect and maintain inflation on a high level. The final effect will largely depend on the policy of the central bank. Inflation ...
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