New EU forecasts are wrong

In the liberal daily Gazeta Wyborcza, Agata Nowakowska says the EU's most recent growth forecasts for Poland are wrong: "The European Commission has clobbered us with these new prognoses, mindless of the fact that people's nerves are on edge in the crisis and that bad news must be cautiously dosed. Only in January the Commission announced that with a 2-percent growth in GDP Poland would be in fine shape. Since yesterday Brussels has condemned us to a crisis ... with its forecast decline of 1.4 percent. ... [Polish Finance Minister Jacek Rostowski] has stressed that the Commission got its figures wrong. ... Because as things look, the Polish are behaving differently than the rest of Europe. The alarmed Germans have cancelled their holidays and the French have swapped their cognac for cheap wine, but the Poles continue to shop in droves. And the Polish government, meanwhile, continues to invest full steam ahead. ... Minister Rostowski has repeatedly forecast a reduced budget deficit of 18.2 billion zloty [roughly 4 billion euros] linked to the EURO 2012 football championships, and even a one-percent growth in GDP."

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