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EU Predicts Poland's Economy Will Expand at Bloc's Fastest Pace This Year


slavia
23 Feb 2012 #1
Poland, the European Union's largest eastern member, will post the 27-nation bloc's fastest economic growth this year, driven by corporate investment,the European Commission forecast.

Gross domestic product will grow 2.5 percent, with quarterly expansion of about 0.5 percent during the year, the EU's executive arm said in a statement today. Spending on road and rail upgrades for the Euro 2012 soccer championship will help boost the pace of growth, it said.

bloomberg.com /news/2012-02-23/eu-predicts-polish-economy-will-expand-at-bloc-s-fastest-pace-this-year.html
Varsovian 92 | 634
23 Feb 2012 #2
Well that's nice to know.
JonnyM 11 | 2,620
23 Feb 2012 #3
And is the zloty therefore undervalued and likely to increase, or is the economy here doing so well in part because exports to the UK and Eurozone are affordable?

An important question - I'm wondering whether to change a certain (not small) amount of money from GBP to PLN or not.
Varsovian 92 | 634
23 Feb 2012 #4
Ah - you've missed the boat! The zloty was very weak just a few weeks ago due to fear in the currency markets.

Anyway, economic strength has very little to do with currency movements.
JonnyM 11 | 2,620
23 Feb 2012 #5
The zloty was very weak just a few weeks ago due to fear in the currency markets.

Yes - I remember that. Unfortunately I was on a different continent so couldn't nip into the kantor. My feeling is that 5 zl to the quid is about what it should be, but it could go to 4.5 sometime this year.

There's also the side issue that if uncertainly continues (or worsens) regarding the Euro at the same time as growth in the Polish economy, will the zloty benefit out of proportion to sterling or CHF?
pawian 197 | 19,922
23 Feb 2012 #6
Poland, the European Union’s largest eastern member, will post the 27-nation bloc’s fastest economic growth this year, driven by corporate investment,the European Commission forecast.

That is normal. Such news doesn`t impress me. Since 1989 Poland has scored the 150% growth.
modafinil - | 418
23 Feb 2012 #7
An important question - I'm wondering whether to change a certain (not small) amount of money from GBP to PLN or not.

My own opinion (insert usual disclaimer about predcitions and speculations here) would be to change up. It's hit a resistance point from last August and so 'may' bounce off it plus the line I have drwn in red from the past two weeks. As wil as a well known 'Fibonacci' retracement. Though wait for the turn up as it could break straight through. The pound is relatively weak at the moment against the Euro considering political news.

It a EURPLN chart for this year attached but as a bigger pot it tends to react to EUR more than GBP technically.
My magic 8 ball says, ' It would not be a bad thing'.


  • EURPLN 230212 15:00 gmt
JonnyM 11 | 2,620
23 Feb 2012 #8
It a EURPLN chart for this year attached but as a bigger pot it tends to react to EUR more than GBP technically.
My magic 8 ball says, ' It would not be a bad thing'.

This seems to make a lot of sense. Fits with intuition too.
TheOther 6 | 3,692
23 Feb 2012 #9
Since 1989 Poland has scored the 150% growth.

Sure, if you start at close to zero it's easy to achieve such growth rates. Wait until the economic development of Poland has reached a decent level, and then we'll see how the economy develops.
Crow 160 | 10,261
23 Feb 2012 #10
EU Predicts Polish Economy Will Expand at Bloc’s Fastest Pace This Year

Listen that EU. Its not hard to predict expansion of Polish economy when we see how Polish-Serbian business grow
TheOther 6 | 3,692
23 Feb 2012 #11
when we see how Polish-Serbian business grow

Especially the Teekanne products... ;)
Crow 160 | 10,261
23 Feb 2012 #12
if they produce and packaging Teekanne tea in Poland and sell it to Serbians they know what they doing. When Serbs see inscription `Product of Poland`, they know that is good product and they are ready to buy it. Polish products are respectable among Serbs.
pawian 197 | 19,922
23 Feb 2012 #13
Sure, if you start at close to zero it's easy to achieve such growth rates. Wait until the economic development of Poland has reached a decent level, and then we'll see how the economy develops.

Actually, it wasn`t level 0. Even in 1989 Poland was in Europe, not Africa. :):):) Stop this silly trolling.
Crow 160 | 10,261
23 Feb 2012 #14
Actually, it wasn`t level 0. Even in 1989 Poland was in Europe, not Africa.

paviane, you are right. Finally that we agree in something
TheOther 6 | 3,692
23 Feb 2012 #15
Stop this silly trolling.

Every time someone dares to question the "There is nothing negative in Poland. Poland will be the next superpower. Poland is on its way to overtake Germany economically." mantra, it's trolling. How often have I seen this on this forum already? Some people need a reality check... :)
Crow 160 | 10,261
23 Feb 2012 #16
Poland from Baltic to Balkan via Lusatia! Ukraine with Poland and Serbia!

Glory to Sarmatia!
TheOther 6 | 3,692
23 Feb 2012 #17
Speaking of reality checks... :)
Crow 160 | 10,261
23 Feb 2012 #18
What you want now? You think that Lusatia needs to be excluded from taking part in prosperous era of Poland? Lusatians already seek to save itself from Germany. They accusing Germany for cultural genocide on them.

i look forwards to see complete Lusatia as part of Poland and, all Serbs united- from Lusatia to the Balkan in one state. In one new, Great Poland- New Commonwealth of Poland. Strong and economically prosperous Poland represent great hope for all the Serbs
pawian 197 | 19,922
23 Feb 2012 #19
Some people need a reality check... :)

I don`t think I need a reality check. I have lived in Poland all my life but also visited a few European countries. We didn`t start from level 0 or close to 0 in 1989 as you suggested. That is why I said and repeat now: stop this silly trolling.
TheOther 6 | 3,692
23 Feb 2012 #20
We didn`t start from level 0 in 1989 as you suggested

I'm sure you understood what I was saying.
pawian 197 | 19,922
23 Feb 2012 #21
You said we started from level close to 0.

I disagreed.

And told you to stop trolling.

Simple.

From Reader`s Digest 1981 Almanac and Yearbook:

Poland Today - About the size of New Mexico, Poland has ample mineral resources as well as rich farmland. it is one of the world`s 10 leading producers of cement, coal, copper, electrricity, steel and zinc. :):):)

1981 statistisc:
Infant death:

Germany - West - 15.5
Poland - 24.1
Portugal - 38.9
Mali - 120

Crow 160 | 10,261
23 Feb 2012 #22
I'm sure you understood what I was saying.

who knows what you wanted to say. One can lose his mind in attempt to understand you
modafinil - | 418
23 Feb 2012 #23
You said we started from level close to 0.

Denmark a much smaller country of course, but added to give an reference to speed of growth. Notice the 2004 momentum change. Poland in blue


  • Poland gdp
pawian 197 | 19,922
23 Feb 2012 #24
Notice the 2004 momentum change. Poland in blue

Shyt, that`s when we joined the EU! :):):)
TheOther 6 | 3,692
23 Feb 2012 #25
that`s when we joined the EU

Aaaah, finally it dawns on you... :)

en.wikipedia.org/wiki/List_of_countries_by_past_and_future_GDP_%28nominal%29#1980_to_1989_figures

Click on 1989 and see where Poland ends up (in good company between Thailand and Colombia). Compare the numbers to the western European countries and Japan, and you'll know where Poland stood in 1989. Don't get me wrong. It's good that the country makes progress, but there are far too many other factors that influence the picture such as EU funds, Polish workers who left and send home money, lower unemployment rates because so many Poles went to Ireland and the UK, and and and...
pawian 197 | 19,922
23 Feb 2012 #26
Let me repeat: stop this trolling. You know nothing about Poland of 1989. Yes, we seemed a poor country compared to Western Europe, but level 0 is out of question.

1981 Almanac:

Railroads km
France - 36.571
Germany West- 33.453
Poland - 26.864
Colombia - 3.436
Thailand - 3.927

Poland - 312. 000 squear km
Colombia - 1,138,903 square kilometers
:):):)

Life expectancy - men/women
Germany West - 68.3/74.8
Poland - 66.9/74.6
Colombia - 59.2/62.7
Thailand - 53.6/58.7

Don`t you think it was better and longer to live in Poland of 1989 than in Thailand?

Stop trolling.
TheOther 6 | 3,692
23 Feb 2012 #27
You still haven't understood what I'm saying. The growth rates of the Polish economy are to be taken with a grain of salt (or better a huge bag). There were and are far too many factors in the past and present that distort the real picture. And no, Poland didn't start at zero - that number was figurative. I thought that you as a teacher would get that... :)

Stop trolling.

Stop playing stupid...
peterweg 37 | 2,319
23 Feb 2012 #28
Poland's GDP was $60billion, now its near $600billion. That is massive and impressive growth in just over 20 years.

GDP figures are pretty stark and to the point, if accurate they are not really subject to interpretation. Increased GDP means a wealthier country, pure and simple. No salt required.
pawian 197 | 19,922
23 Feb 2012 #29
I thought that you as a teacher would get that... :)

I get what I should get, don`t worry about me.

But don`t forget we are having a discussion in a public forum with other guys reading us. That is why I can`t allow you to post nonsense about Poland.

Stop trolling.
TheOther 6 | 3,692
23 Feb 2012 #30
Increased GDP means a wealthier country, pure and simple.

Take the GNI. The numbers speak for themselves:

en.wikipedia.org/wiki/List_of_countries_by_GNI_%28PPP%29_per_capita

en.wikipedia.org/wiki/Gross_National_Income

That is why I can`t allow you to post nonsense about Poland.

It's nonsense just because you disagree with it? Stop trolling... :)


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