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Polish central bank sees no threats to Polish economy
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09:49, August 18, 2007

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Poland's economic fundamentals are stable and positively viewed by investors, Polish central bank ( NBP) head Slawomir Skrzypek said in a statement on Friday.

Skrzypek stressed that recent index declines have no relation to the country's economic situation and rather reflect situation on the global financial markets.

On Thursday, all the main indexes lost value on Warsaw Stock Exchange as nervousness over sub-prime mortgage defaulting in the United States spreads around the world.

"The fundamentals of the Polish economy are stable and positively perceived by all investors. We have low inflation and high economic growth, which is creating a quick decline in unemployment and good corporate results. Additionally, the current account deficit remains at safe levels," Skrzypek was quoted by Polish PAP news agency.

"We do not, therefore, observe threats to the Polish economy," he assured.

According to Skrzypek the Polish currency zloty has remained relatively stable in comparison to other currencies of the east European region.

Source: Xinhua



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