jeroen
22 Feb 2009
News / Forget Ukraine! The question is: " Is Poland going down??" [36]
Some concerns to think about:
* Foreign investors are withdrawing from Poland. The economic growth and wealth in Poland was/is for a large part driven by these investors.
* Most banks in Poland are owned by foreign banks who are already in a difficult situation, these mother banks cannot (or don't want to) save their polish branches.
* The millions of Polish workers outside Poland were generating nice cash flows into Poland, but these people are working in sectors that are hit hard by the crisis (Construction, transportation, factories). This is already stopping.
It is going to be a very tough period for poland.....
Some concerns to think about:
* Foreign investors are withdrawing from Poland. The economic growth and wealth in Poland was/is for a large part driven by these investors.
* Most banks in Poland are owned by foreign banks who are already in a difficult situation, these mother banks cannot (or don't want to) save their polish branches.
* The millions of Polish workers outside Poland were generating nice cash flows into Poland, but these people are working in sectors that are hit hard by the crisis (Construction, transportation, factories). This is already stopping.
It is going to be a very tough period for poland.....