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Economic Research

Poland Economic Outlook, Q3 2009

Executive Summary

  • Poland boasts the mildest downturn in the region;
  • Private consumption is faltering as a growth engine;
  • A new Flexible Credit Line is a major positive, but risks remain.

Poland’s economy is in better shape than its regional peers and will experience the region’s mildest recession in 2009.  Among the few EU countries to post positive real growth in Q1 2009, the economy expanded 0.8% y/y. RGE Monitor does not see the positive growth continuing and is forecasting -2.0% growth in 2009 and flat growth in 2010.

Like elsewhere in the region, falling net exports, weak[...]

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