Emerging Europe Economics Update
Polish economy now more vulnerable to a euro-zone slump
With elections due on Sunday, the campaign of the governing Civic Platform party has understandably focussed on its economic credentials. After all, Poland was the only country in the EU to avoid recession in 2009. Yet in many respects the Polish economy is now more vulnerable to a recession in the West. Indeed, we now expect GDP to grow by just 1.5% next year – slower than the 1.7% recorded in 2009.
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