Taiwan News
By VANESSA GERA
Associated Press
2009-05-29
Polish economy grows in 1Q, outshining neighbors
Poland's economy grew by 0.8 percent in the first three months of 2009
compared to the same quarter a year earlier, the state statistical office
said Friday, more evidence that the country is weathering the global
recession better than its neighbors. The figure marks a sharp fall from the
economic boom this ex-communist country has enjoyed since it joined the
European Union in 2004, but nonetheless confirms it is still growing while
other countries in the region have fallen into recession. Prime Minister
Donald Tusk said the report shows Poland is one of Europe's hardiest
economies amid the global turmoil. But he also acknowledged that the growth
is much less than he had hoped for when he took office in 2007. "These are
the first figures that describe the condition of Poland in the crisis, a
crisis that two years ago nobody in the world could foresee," Tusk said at a
news conference. "The information, which creates hope and optimism for
Poles, is very different from our dreams and aspirations of two years
ago." Economists
and investors had been eagerly anticipating the data as they seek signs of
how badly this nation of 38 million _ the largest of the European Union's
ex-communist newcomers _ will be hit by the surrounding economic storm.
http://www.etaiwannews.com/etn/news_content.php?id=962585
Poland's economy grew by 0.8 percent in the first three months of 2009
compared to the same quarter a year earlier, the state statistical office
said Friday, more evidence that the country is weathering the global
recession better than its neighbors. The figure marks a sharp fall from the
economic boom this ex-communist country has enjoyed since it joined the
European Union in 2004, but nonetheless confirms it is still growing while
other countries in the region have fallen into recession. Prime Minister
Donald Tusk said the report shows Poland is one of Europe's hardiest
economies amid the global turmoil. But he also acknowledged that the growth
is much less than he had hoped for when he took office in 2007. "These are
the first figures that describe the condition of Poland in the crisis, a
crisis that two years ago nobody in the world could foresee," Tusk said at a
news conference. "The information, which creates hope and optimism for
Poles, is very different from our dreams and aspirations of two years
ago." Economists
and investors had been eagerly anticipating the data as they seek signs of
how badly this nation of 38 million _ the largest of the European Union's
ex-communist newcomers _ will be hit by the surrounding economic storm.
http://www.etaiwann
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