Emerging Europe Economics

Emerging Europe Economics Update
28 January, 2011

Poland stays ahead of the pack but twin deficit worries persist

Today’s estimate that the Polish economy expanded by 3.8% in 2010 was in line with our forecast and reinforces the view that the country is leading the recovery in Emerging Europe. GDP should grow by a solid 4% or so this year but twin fiscal and current account deficits are a growing source of concern....

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