Ceepackaging

Poland’s economy proved resistant to stagflation trends and the worldwide financial crisis in Q1/2008, hence it may be expected to continue to grow rapidly - at 5.3% in 2008 and at 5.5% in 2009 compared to last year’s 6.6%, according to the quarterly report of the Centre for Social and Economic Research (CASE).

Poland's economy will likely ease down to around 5.0% this year from last year's 6.5%. Direct impact of the US recession has so far been slim, but if the recession proves deeper, Poland's GDP growth could fall to 3.5-4.0% in 2008, Michal Szymanski, deputy head of the pension fund managing firm Commercial Union PTE, said on Wednesday.

Disturbances originating in the US sub-prime mortgage market have widened to affect other markets, but the fundamentals for the EU8+2 are broadly unchanged, although the level of uncertainty has risen.