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2009-07-20 00:00:00
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‘Poland may be the only country in Central-Eastern Europe to survive the global economic crisis without sliding into recession,’ writes Financial Times Deutschland.
The daily quotes analysts from the Vienna Institute for International Economic Studies, a non-profit organization that forecasts GDP growth in Poland to amount to 0.8 percent for 2009 and 1.5 percent for 2010, despite the economic crisis.
The body’s research director Michael Landesmann says that Poland is doing well during the crisis thanks to its high internal market demand. “A strong domestic consumption has saved Poland during the collapse of the global demand” – estimates the economist in the German daily.
The Vienna Institute for International Economic Studies presents consumer shares as a 60% contribution to Poland’s GDP. According to the Austrian economist, by avoiding recession, Poland will strengthen its economic position in Europe.
According to Gunter Deuber of Deutsche Bank, Poland is the only economy in Eastern Europe functioning on its own and not dependent on exports.
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