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The Warsaw Voice » Comments » January 21, 2009
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From the BUSINESS editor
January 21, 2009   
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During its grand finale this year, Poland's Great Christmas Aid Orchestra charity campaign managed to raise a record zl.32.6 million-a surprise, given that the world is beset by a financial and economic crisis. This charity initiative can always count on Poles' generosity.

The Polish economy will be expanding at a slower pace than in previous years, but the growth rate will be fast compared to most other European Union countries. Although it does not seem likely the Polish economy will grow by 3.7 percent, as planned under the 2009 budget law, Poland has a realistic chance of achieving growth of 2.5-3 percent. This would make it one of the best performing economies in Europe.

But the moderately optimistic forecasts should not make us forget about potential dangers to the economy, dangers on a scale possibly much larger this year than before. They include a fall in investment and exports, and more difficult access to credit for Polish businesses. Poland will be able to maintain a relatively high growth rate in 2009 if the government takes action to support Polish businesses, including measures the government promised in its anti-crisis package announced last year.
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