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


Domestic demand key in helping Poland avoid 2009 recession


Resilient domestic demand was one of the main factors that helped Poland avoid a recession in 2009, leaving it as the only EU economy with positive GDP growth. After a substantial slowing of the pace of economic growth in the first half of last year, caused by the global crisis, the economic situation in the country began to improve in the latter part of 2009, and the fourth quarter witnessed very clear signs of recovery. This was evident e.g. in retail sales figures for November, which grew at their fastest rate since December 2008. According to our estimates, in 2009 as a whole retail sales (at current prices) rose by 3.4%. We forecast that retail sales growth will accelerate above 4% in 2010. Stronger growth will be hampered by continued weakness in the labour market.

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.