About: http://data.cimple.eu/news-article/b86bac440c65a2b73faf1bc7a508a6c16251134cf821fb06d969f271

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About: http://data.cimple.eu/news-article/b86bac440c65a2b73faf1bc7a508a6c16251134cf821fb06d969f271 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Poland on Wednesday unveiled a crisis-management package worth some 47 billion euros ($51 billion) to help the EU country's normally vibrant economy weather the impact of the coronavirus pandemic. The cash injection will be aimed at safeguarding jobs, businesses, public health services, financial stability and public investment, President Andrzej Duda and Prime Minister Mateusz Morawiecki told reporters in Warsaw. "The estimated value of this programme is 212 billion zlotys," or about 10 percent of the state budget, said Morawiecki, adding that the funds did not come from the European Union. Measures will include the state covering part of employee salaries for hard-hit companies, help with repaying loans and also direct payments for the self-employed plus tax reliefs. Despite previous forecasts, Poland "will not be able to avoid a budget deficit," said Duda, without elaborating. It was unclear on Wednesday whether the impact of the pandemic risks sending the Polish economy into recession for the first time since it shed communism three decades ago. Government estimates that do not take into consideration the economic meltdown triggered by the virus see growth hitting 3.7 percent this year with average annual inflation at 2.5 percent. Poland's (NBP) central bank announced Tuesday that it had cut its main lending rate to an historic low of 1.0 percent in a bid to mitigate the effects of the virus. sw/bo/mas/cdw
schema:headline	Poland unveils 'anti-crisis shield' for virus-hit economy
schema:mentions	Direct Payments Polish language Communism Government budget balance Warsaw National Bank of Poland Jan-Krzysztof Duda Recession Public health Andrzej Duda Inflation Prime Minister of the United Kingdom Poland European Union Minute and second of arc Pandemic Virus United States Coronavirus President of the United States CDW
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-18 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	81 (xsd:integer)

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