Sat, Feb 11 2012

Poland Headed Out of Recession?

Fri, Aug 21 2009 12:16 CET

byEduardo Murillo / Krakow Post

2803 Views 3 Comments
Poland Headed Out of Recession?

Photo: sxc.hu

Recent forecasts indicate that Poland will be able to emerge from recession sometime in early 2010. Polish economists are optimistic and predict that their economy will slowly show improvement, but the International Monetary Fund (IMF) thinks such predictions are premature.

Poland forecasts gross domestic product (GDP) growth of 1.0 per cent this year, but according to IMF numbers, the growth will only be about 0.7 per cent. During the second quarter of the year, the economy grew 0.3 per cent according to Finance Minister Ludwik Kotecki.

Read the full article on the Krakow Post

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Comments

Anonymous Lawrence Fri, Aug 21 2009 23:22 CET
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Recession is two quarters of negative growth. Poland hasn't had a single quarter of negative growth - yet. There is no recession for Poland to emerge from.

Anonymous Christian Fri, Aug 21 2009 19:37 CET
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How can Poland be in a recession if it's GDP has grown in every quarter and is expected to grow for the year? Wouldn't the more correct term be "economic slowdown"?

Anonymous Pete Fri, Aug 21 2009 19:23 CET
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Poland has been doing better than all the European, in fact world economies. Good for them for not getting into trouble in the first place.


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