Poland Seeks to Jolt Economy

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Poland will increase its budget gap for this year by nearly half, the government said yesterday, acknowledging the severity of the current slowdown in the economy so far among the most resilient to Europe's financial crisis, the Wall Street Journal reported yesterday. Finance Minister Jacek Rostowski said that the government would increase its budget deficit by some 1 percent of gross domestic product, an equivalent of some $15.6 billion. The increase will be a strongly stimulating impulse "that will help the economy get back on track in coming years," Rostowski said. Read more. (Subscription required.)