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Entries for tag: recession
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.
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