14 November 2011

POLAND : Warsaw Prepares For EU Slowdown.


      Central Bank chief Marek Belka is preparing for challenging economic times.
     "We're bracing ourselves for a slowdown," he said...but still believes Poland "will be crisis-proof in its ability to avoid a recession."
      Its 2011 GDP is projected at a respectable 4%.
      Belka even believes Poland deserves a rating upgrade...because its public debt stood at about 55% of GDP in 2010...vs 120% for Italy.