12 April 2010
Polish economy doing well?

This is a rather striking posting.  It was put up the day of the Katyn crash although it was clearly written beforehand.

Poland is today the most capitalist country in Europe

They kept that one quiet.

Poland’s economy grew at roughly a 5% annual clip until 2008. That’s when – instead of tying its currency to the euro – Poland allowed the zloty to depreciate when the financial crisis hit. As a result, the country enjoyed 3% growth in 2009, and is slated to do at least as well in 2010 and 2011.

Woo hoo.

The budget deficit is currently 2.5% of gross domestic product (GDP), mainly because – at 18% of GDP – central government spending is extraordinarily low by European standards.

Now, if that’s true that really is great news.  The key word in this is “if”.  The author appears to have something to sell so you have to take it all with a pinch of salt.  Can anyone out there shed some light on this?

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  1. Sir - are you including pensions and so on in the figure of 18% of GDP for central government spending in Poland?

    Also how much does local government spend?

    Posted by Paul Marks on 03 November 2010 at 12:48pm

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