Economic Update - Turkey: More Adaptable Than It Seems
Poland was one of the few Eastern bloc countries to avoid a recession during the transitional period following the collapse of communism, having returned to growth already in 1993. The country also posted 1.6% growth in 2009, after which GDP growth accelerated to 4.2% on average in 2010-2011. However, it decelerated last year to 1.9%, and this year the economy is expected to expand roughly 1.2%. Overall, we expect Polish GDP in real terms to end this year 2.5 times the size it was in 1992.