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Briefing

Poland: Economic Profile

Critical Issues

Background:

Poland joined the European Union in May 2004, and the economy has since grown rapidly, with GDP expanding over 5% per year from 2004-2008. Despite a sharp slowdown in growth, Poland stands out as the only EU economy to avert recession in 2009 thanks to its relatively small macroeconomic imbalances, limited dependence on exports for growth, flexible exchange rate and timely fiscal stimulus.

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