And is the zloty therefore undervalued and likely to increase
It is but It's hard to say when it will reach the fundamental value as It depends much more on the general sentiment around the world than on the condition of Polish economy.
EU Predicts Poland's Economy Will Expand at Bloc's Fastest Pace This Year
It is but It's hard to say when it will reach the fundamental value as It depends much more on the general sentiment around the world than on the condition of Polish economy.
This is all good news Slavia. I wish Poland well inits new found wealth. Will all Polish people be returning to Poland from the UK?
Will all Polish people be returning to Poland from the UK?
e, that`s good question.
i wish to all Poles salvation from the trap called British islands, after they take what belongs to them, of course. Compared to Britain, Poland is paradise. i know, i sow
What economy ?Stop posting nonsense.
Merged: EC predicts Polish 3.5% yearly GNP growth in 2015-2017
Rzeczpospolilta on Thursday reported the EC predicitng Poland's GNP growth this year at 3.5% and ditto for 2016 and 2017. The EU average in the national-currency zone is expected to be 1.9% and in the eurozone 1.5% - once again attesting to PiS' wisdom to stick to the good ol' złoty. Tusk in 2008 wanted Poland to adopt the € in 2010 which would have meant getting dragged into the recession. Polish unemployment now just below 10% is predicted to drop to 6.8% in 2015, slightly below the record low recorded in 2008.
ww4.rp.pl/Gospodarka/311059922-Europa-odzyskuje-wigor.html
Rzeczpospolilta on Thursday reported the EC predicitng Poland's GNP growth this year at 3.5% and ditto for 2016 and 2017. The EU average in the national-currency zone is expected to be 1.9% and in the eurozone 1.5% - once again attesting to PiS' wisdom to stick to the good ol' złoty. Tusk in 2008 wanted Poland to adopt the € in 2010 which would have meant getting dragged into the recession. Polish unemployment now just below 10% is predicted to drop to 6.8% in 2015, slightly below the record low recorded in 2008.
ww4.rp.pl/Gospodarka/311059922-Europa-odzyskuje-wigor.html
EC predicitng Poland's GNP growth this year at 3.5%
once again attesting to PiS' wisdom to stick to the good ol' złoty
Yes, a terrific achievement by PiS. And all this in just a week or so. Soon-to-be Prime Minister Kaczynski must be congratulated.
Harry
5 Nov 2015 / #37
Polish unemployment now just below 10% is predicted to drop to 6.8% in 2015,
There's the claim. The reality is that the European Commission are predicting it will drop to 6.8% by 2017. ec.europa.eu/economy_finance/eu/countries/poland_en.htm
There's also an interesting warning in the EC's forecast:
At this particular juncture, the fiscal projections are surrounded by some uncertainty regarding the implications of the parliamentary elections for economic policy-making.
ec.europa.eu/economy_finance/eu/forecasts/2015_autumn/pl_en.pdf