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Poland standing tall in troubled times


MediaWatch 10 | 945
23 May 2010 #1
This is an interesting article by Arif Anees

"Poland standing tall in troubled times"

Poland emerged unscathed as the largest economy of Central Europe in the region and the only country in the European Union not to fall into recession in 2009.

arifanees.com/financial-crises/poland-standing-tall-in-the-times-of-crisis.html
hague1cmaeron 14 | 1,377
23 May 2010 #2
The article is very poorly edited. Though Poland's deficit, which is one of the lowest in the EU, is heading southwards and economic growth seems to be strong, I am afraid that the recent flooding is going put a dent in the government's recent deficit reduction plan.

Some of Poland's major advantages are that it still controls a lot of the public utilities and other goods, which it is selling at the moment to pay down the deficit. More advanced economies have mostly sold their public goods some time ago. Another advantage is Poland's current status as a net recipient of EU funds, which helps to stimulate the economy.

Another advantage is the relatively low level of company tax which attracts investment. Poland's biggest future dilemma is not a lack of economic growth but in two years time the increase in inflation because of it. Paradoxically the current situation is allowing Poland to absorb EU funds, and maintain a reasonable level of growth whilst the finical crisis is holding the lid on inflation. In Two years time Poland should reach the 'goldy locks' situation whereby they will have high growth, low debt, relatively low inflation and Unemployment at some 8-9% and moving downwards.
MareGaea 29 | 2,752
23 May 2010 #3
Some of Poland's major advantages are that it still controls a lot of the public utilities and other goods

I do agree that this is a major advantage. In NL they privatized these things and look what a mess it is now: in my area I hear that the mail is delivered by four different companies, one for the leaflets, one for the mail up to 20 grammes, one for all the other mail and one for packages :(

>^..^<

M-G (the state should keep those things like Mail, Utilities and so on)
richasis 1 | 420
23 May 2010 #4
I do agree that this is a major advantage. In NL they privatized these things and look what a mess it is now: in my area I hear that the mail is delivered by four different companies, one for the leaflets, one for the mail up to 20 grammes, one for all the other mail and one for packages :(

Yes, we too have been in this state (of privatization) in USA for some time now: more work for lesser pay and fewer benefits. Good for Poland! :)
bolek 6 | 330
23 May 2010 #5
low debt, relatively low inflation and Unemployment at some 8-9% and moving downwards.

please provide the facts, with the EU in crissis mode I don't think Poland will escape the pains of the downturn, which leads me to think, who is going to buy the real estate in Poland which many say is overpriced?
hague1cmaeron 14 | 1,377
23 May 2010 #6
well assuming that the worst is behind us the growth projections are positive to say the least. For 2010: 3.1% is the gov prediction which usually tends to under score the rate.

Taking that as trend you would be quite safe in assuming the following

2011: 4.00% that is on the Conservative side
2012: 5.00% again on the Conservative side

Poland's rate of growth for the previous 10 years has been 4.5%, If i had to make a prediction I think it is going to be 4.7% for this decade, my prediction is on the conservative side.

I do agree that this is a major advantage. In NL they privatized these things and look what a mess it is now: in my area I hear that the mail is delivered by four different companies, one for the leaflets, one for the mail up to 20 grammes, one for all the other mail and one for packages :(

I agree that some should remain in government hands, though Poland has the opposite problem, of to many Public companies, so they are on the right track by selling them.
SeanBM 35 | 5,808
23 May 2010 #7
please provide the facts, with the EU in crissis mode I don't think Poland will escape the pains of the downturn, which leads me to think, who is going to buy the real estate in Poland which many say is overpriced?

Poland's economy is not based on real estate like Ireland's is.
Banks were unable to give out loans to every Tom, Dick and Harry due to their strict policies.

well assuming that the worst is behind us the growth projections are positive to say the least. For 2010: 3.1% is the gov prediction which usually tends to under score the rate.

I was just reading about that:

The Polish economy will grow this year at a rate of 3 percent. GDP. In the first quarter increased on a yearly basis amounted to 3.1 percent. - Analysts estimate the ministry of economy. In their opinion this reflects our resilience to the crisis.

POLENGGGs 2 | 150
23 May 2010 #8
you know why Poland is getting more money in, one of the reasons is that because of europol controlling the ports in the Netherlands and some other West European nations who got alot of money by being distribution hubs for cocaine coming in from the Americas.

There is alot more of this drug activity in Poland, not to mention Poland becoming the leading producer of synthetic drugs , again due to busts in the Netherlands.

This dirty money goes into legal business, government business too.

so apart from Poland producing around half of the synthetic drugs for the illicit market, and exporting worldwide, it is also serving the drug markets as a major trans-shipment/distribution centre for both cocaine and heroin coming thru the northern route from Russia.

In my opinion there will be much more laws against drugs, and much more police. The EU knows its fighting a lost battle, but nevertheless it needs to do something , especially so that this activity does not get out of hand by Poland's streets getting flooded with the product which is being produced or transported thru it.
convex 20 | 3,978
23 May 2010 #9
Poland's economy is not based on real estate like Ireland's is.
Banks were unable to give out loans to every Tom, Dick and Harry due to their strict policies.

They've softened up quite a bit. I'd be worried about the looming consumer credit monster. Interested to see how Lukas will be doing at the end of 2010, or when god forbid, difficult times hit Poland.
hague1cmaeron 14 | 1,377
23 May 2010 #10
you know why Poland is getting more money in, one of the reasons is that because of europol controlling the ports in the Netherlands and some other West European nations who got alot of money by being distribution hubs for cocaine coming in from the Americas.
There is alot more of this drug activity in Poland, not to mention Poland becoming the leading producer of synthetic drugs , again due to busts in the Netherlands.

This dirty money goes into legal business, government business too.

Very interesting, but i think we should leave this were it belongs, in the realm of fantasy.
The things you describe could be quite plausible, but that is not from were Poland gets its major income.
pawian 168 | 11,175
5 Sep 2010 #11
In NL they privatized these things and look what a mess it is now: in my area I hear that the mail is delivered by four different companies, one for the leaflets, one for the mail up to 20 grammes, one for all the other mail and one for packages :(

So what? You didn`t explain what is wrong with it? Is the system inefficient?


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