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Entries for tag: GDP
Polish economy resisting stagflation
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).
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Credit crunch could hit Poland
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.
Read ArticleLithuanian economy likely to grow by seven percent for years to come
Lithuanian GDP soared 8.7% in 2007, after growing 7.7% in 2006. Economic growth has averaged a stunning 7.5% for the last eight straight years. The consensus forecast of for GDP growth to continue at a 6-7% growth rate for the years to come.
Read ArticleLatvia : one of the fastest growing economies in the world
Latvia’s economic growth is among the fastest in the world, with GDP growing 10% in 2007 after 12% growth in 2006. The consensus estimate is that GDP will grow 7-8% in 2008. Growth has been stimulated by domestic demand driven by fast wage growth and private borrowing, boosting consumer price inflation
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CEE economy still strong but uncertainties rise
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.
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