Balcerowicz - protracted slowdown can be avoided

Commenting on the IMF’s report which reduces its forecast for Poland’s economic growth in 2013 from 1.8 to 1.3 percent, former finance minister and National Bank of Poland governor says that a negative scenario of a protracted economic slowdown can be avoided.

"We have to neutralize the effects on employment of the ageing of the population by introducing measures would raise the employment ratio and compensate for the declining number of people in the working age; we have to improve the conditions for private investment and strengthen the innovativeness of the Polish economy," said Leszek Balcerowicz.

Balcerowicz stresses that the ‘ultimate solution for good politics is much more civic mobilization of the proponents of limited state and individual freedom which is inseparable from individual responsibility.'

Michael Kubicki reports.