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Poland: ‘Welcome to the crisis’

by bifadmin

“With industrial production shrinking by 10.6 per cent in December and unemployment likely to reach 15 per cent, the beginning of the year brought news of a looming employment crisis,” leads the daily, highlighting that 2013 may be “more difficult for the Polish economy compared to other crisis years.”

One of the reasons is a ”dramatic” economic slowdown in Germany which is Poland’s main economic partner. Latest estimates put Germany’s GDP growth in 2013 at 0.4 per cent and not 1 per cent as previously predicted.

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