Poland may avoid recession - but only just
Next year, the GDP of the OECD member states will fall by 0.3 percent as compared to growth of 2.7 percent in 2007. The economists of the organization forecast that in 2009 GDP in the United States will fall by 0.9 percent, and 0.5 percent in the euro zone.
However, Q4 2008 is likely to turn out to be the weakest when the US economy is to slow down by 2.8 percent.
Poland, which is also a member of the OECD, is in a relatively good situation, as the economists forecast growth. JP Morgan expects Poland's GDP growth next year to be 1.5 percent. Government's forecasts have still not been amended and the 2009 budget bill still envisages a growth of 4.8 percent.
Sources: Gazeta Wyborcza, Rzeczpospolita (A.K.)
However, Q4 2008 is likely to turn out to be the weakest when the US economy is to slow down by 2.8 percent.
Poland, which is also a member of the OECD, is in a relatively good situation, as the economists forecast growth. JP Morgan expects Poland's GDP growth next year to be 1.5 percent. Government's forecasts have still not been amended and the 2009 budget bill still envisages a growth of 4.8 percent.
Sources: Gazeta Wyborcza, Rzeczpospolita (A.K.)
