IMF sees Poland's general government deficit down to 3.4% of GDP in 2013.

By bne IntelliNews January 25, 2013
Poland's general government deficit declined to 3.5% of GDP in 2012 (from 5.0% in 2011) and will inch down further to 3.4% of GDP in 2013, according to the newest forecasts of the International Monetary Fund (IMF). In October, it expected Poland's general government gap at 3.4% in 2012 and at 3.1% in 2013. It has now presented longer-ranging forecasts. It expects the deficit to ease to 2.9% of GDP (i.e. below the EU limit) in 2014, and to fall further to 2.1% of GDP in 2015 and to 2,0% of GDP in both 2016 and 2017. The Polish government expects the figure at around 3.5% of GDP for both 2012 and 2013.

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