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Polish unemployment 'to fall in 2012'
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Polish unemployment 'to fall in 2012'
15. februar 2010
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Polish unemployment will not begin to fall until 2012, according to the European country's government.
In a convergence plan to prepare Poland's economy to adopt the euro, prime minister Donald Tusk's ruling administration suggested that the national unemployment rate of 9.2 per cent will begin to fall slowly in two years' time.
The forecasts predict that joblessness will stand at 9.3 per cent by the end of 2011, before steadily declining to 8.9 per cent by the end of 2012, the Warsaw Business Journal reported.
However, Mateusz Walewski, economist at the CASE Foundation, believes that the Polish labor market may experience better conditions as these figures have been calculated using a worst-case scenario.
He told the newspaper: "The predictions in the convergence program have to be as conservative as possible, meaning pessimistic."
Last month, a survey of Poland's chief executives conducted by PricewaterhouseCoopers disclosed that the country's corporate sector will reduce employment in the next 12 months.
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