Wednesday, September 3, 2008

Snapshot: Poland

Of the central European emerging markets, Poland is best placed to weather the western slowdown. With a bigger domestic market, and larger share of exports going to still fast-growing Russia and Ukraine, only about 20 per cent of gross domestic product comes from exports to the eurozone, against about 40 per cent for the Czech Republic, Hungary and Slovakia. Poland has avoided Latvia and Estonia’s boom and bust, and Hungary’s public spending spree followed by painful belt-tightening. The governing coalition looks relatively stable in a region known for political volatility.

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