Fast Growth of Polish economy

[Jaga]

but not that fast as it was expected a couple of months ago:

www.polskieradio.pl/thenews/business/?id=79993

The International Monetary Fund assessed in the recent World Economic Outlook report that Poland's economic growth will slow down to 4.9 percent this year.

This estimate has reduced from the 5 percent forecast in January.

In 2009, it is to amount to 4.5 percent, compared to the 6.5 percent in 2006.

The IMF also forecasts that average annual inflation in Poland this year will be to the tune of 4.1 percent, compared to 2.5 percent in 2007.(mo)

[Jaga]

US Dollar Drops Again Against Polish Zloty: 1 USD=2.16 zloty - this is the lowest course I remember


Warsaw, Poland - 12 April, 2008 The US dollar continued its slide against the US dollar on Friday and is now quoted by the National Bank of Poland at 216.00 Zloty per 100 USD.

The continued weakening of the dollar against the zloty, combined with increasing energy prices, is having a negative effect on some Polish manufacturers that depend on the US market. The famous Polish glass industry, being energy dependent and high quality, is being hit particularly hard.

The exchange rates quoted by the National Bank of Poland for all currencies is updated on line each day and can be seen at NBP .