Lack Of Fiscal Reform Poses Risk To Debt Outlook

June 2007 | Market Strategy

Insufficient tightening in Poland's 2008 budget proposal may present a risk to future ratings upgrades, according to rating agency Fitch. The agency commented that the government's macroeconomic assumptions for 2008 are'realistic', though acknowledged that the upward revised GDP growth forecast of 5.7% and annual average CPI of 2.3% for that year leave little room for positive surprises in the

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