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Poland will take half a century to catch up with the West


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TheOtherThreads: 5
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Joined: Jul 13, 09
  Dec 15, 09, 18:16 /  #
jonni

Thanks.
nomaderolThreads: 7
Posts: 1,213
Joined: Oct 18, 09
  Dec 15, 09, 18:25 /  #
jonni:
Large companies are making budget cuts, smaller companies have empty order books, new apartment buildings in my neighbourhood are half-empty, restaurants are going bust, banks are less flexible about company overdrafts, and wages seem to be frozen.

following the international trade, means knowing present stiuation of the world trade reality, poland could not be different. the stiuation is worse in the wealthy western countries now.

some capitalist centers started to pump some hopes using the media, but, won't work.
now, they are using the christmass to activate the economy. they used muslim holidays past months. gods for sale.
jonniThreads: 26
Posts: 4,181
Joined: Nov 27, 07
Edited by: jonni   Dec 15, 09, 18:27 /  #
And in the meantime, the zloty seems to be collapsing. Banks are selling now at 4.73 to the GBP, and the rate has steadily worsened throughout the day.

Bad things happening.

http://waluty.onet.pl/notowania-walut-on-line-forex,18906,notowania-on line


edit My bank is now selling at 4.8 zl to the pound. Horror.
nomaderolThreads: 7
Posts: 1,213
Joined: Oct 18, 09
Edited by: nomaderol   Dec 15, 09, 19:12 /  #
Currency rates not so important. But, Poland too must be in bad stiuation cause Poland has been a good exporter in low and medium value added industral items in last years. Since crisis's biggest hit is on international trade of industrial items Poland's industry must be in really bad stiuation now. But, again, whole world is in same stiuation. Bad things happening? If maniacs don't start to throw the nukes here and there, good things happening.

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