PMR Online access    |   tel. +48 12 340 51 00    |   E-mail: info@pmrcorporate.com
 


 

Poland's relatively strong economy feels impact of global crisis


2009-05-06

Despite strong fundamentals, the Polish economy could not escape the impact of the global crisis. The sharp weakening of business activity observed over the past two quarters was a direct consequence of collapsing foreign demand, deep uncertainty about the economic outlook and tighter and costlier credit. Latest macroeconomic data show that while the slowdown of GDP growth in Poland is not as deep as that suffered by other countries in the region, the economy appears to be stabilising at a lower level of activity, and a return to a rapid growth path in the coming quarters looks rather unlikely, especially given the softening of private consumption − the main engine of economic growth − in recent months.



Paweł Sionko
Construction Market Analyst, PMR

Browse and search in our archive »




Free monthly e-letter containing latest news, analyses and business information on economic situation in Poland, Russia, Bulgaria, Czech Republic, Hungary, Romania, Slovakia, Ukraine, Kazakhstan.
Latest news
 

Useful links         Privacy Policy
Copyright © 2018 PMR. All rights reserved.

PMR is a British-American company providing market information, advice and services to international businesses interested in Central and Eastern Europe as well as other emerging markets. PMR key areas of operation include business publications (through PMR Publications), consultancy (through PMR Consulting) and market research (through PMR Research). With over fourteen years of experience, high international standards in projects and publications, highly skilled multilingual staff and a wide network of co-operating research companies and market experts, PMR is one of the largest companies of its type in the region.