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Will Poland be badly hit by Recession ? I don't think so.


page 2 of 2:  « Prev  1  2 posts: 43

southernThreads: 116
Posts: 10,955
Joined: May 17, 07 ♂ 		 Nov 6, 11, 13:19    #31
peterweg:
and ...soon... Poland as members?


Poland will take Greece's position.
LwowskaKrakowThreads: 49
Posts: 504
Joined: Mar 9, 07  Pictures: 1  Gold Member MEMBER ♀ 		 Nov 6, 11, 13:34    #32
No way that Poland will take Greece position.

I just read that Whirlpool, Credit Agricole , Samsungand some other Asian multinational companies will open new branches or plants in Poland.

When was the last time any international company opened a susbidiary or invested in Greece?
southernThreads: 116
Posts: 10,955
Joined: May 17, 07 ♂ 		 Nov 6, 11, 15:11    #33
LwowskaKrakow:
When was the last time any international company opened a susbidiary or invested in Greece?


CIA 1967.
contraptionThreads: -
Posts: 7
Joined: Nov 17, 11 ♂ 		Edited by: contraption  Nov 17, 11, 22:36    #34
Of course Poland will be hit badly and it's just a matter of WHEN (not IF). If the government keeps this level of spending, join the euro (which is controlled by the ECB, not the NBP), or hide the debt, our economy will just keep falling more and faster like a ball on a slippery slope. Regarding the debt: I'd like to remind that stated 800 billion ZŁ isn't the actual debt, because it doesn't cover ZUS for example (Social Insurance System, which debt is aprox 4 times higher).

Also, we won't be able to sustain economy growth because of the demography. Right now we have 2 generations of Poles (quite a number) working. Very soon (about 5 years from now, and so on, according to prof Krzysztof Rybiński) one of these waves will start to retire. ZUS won't be able to handle this situation, because there won't be enough workforce. And when the 2nd generation will start to retire, it'll be all over. If you don't belive - look at the charts/numbers/facts. And remember that we have a fertility rate of 1,2-1,3 which is almost 1 point below the bare minimum required to sustain a population.

The only question is - will Poland be able to sustain its culture and whether our people will be able to wake up.

Cheers :)
AvalonThreads: 3
Posts: 813
Joined: Sep 11, 07 ♂ 		 Dec 13, 11, 15:03    #35
Merged: Perhaps Poland is not doing to badly as people think.

Recent eurostats figures released showing cities in europe (I do not undrstand why they include Turkey, perhaps they have already been secretly accepted for membership) which have the most poverty does not include anywhere in Poland in the top 20. Suprised by the amount of German, Belgium entries.
Mybe the grass is not always greener.

http://www.businessinsider.com/europe-poverty-2011-12?utm_source=twitt erfeed&utm_medium=twitter&utm_campaign=Feed%3A+businessinsider+%28Busi ness+Insider%29
pipThreads: 11
Posts: 1,293
Joined: Jul 4, 11 ♀ 		 Dec 13, 11, 15:07    #36
I posted this a couple of weeks ago and it was ignored.

http://blogs.wsj.com/emergingeurope/2011/11/30/polish-economy-expands- at-impressive-rate/


Poland’s economy grew a surprisingly robust 4.2% on the year in the third quarter, boosted by rising fixed investment and a weak currency that makes the country’s exports more competitive.

The growth rate was “impressive given that it came against a backdrop of escalating troubles in the euro zone,” said Neil Shearing, an economist at research firm Capital Economics.
AvalonThreads: 3
Posts: 813
Joined: Sep 11, 07 ♂ 		 Dec 13, 11, 15:40    #37
pip:

Poland’s economy grew a surprisingly robust 4.2% on the year in the third quarter, boosted by rising fixed investment and a weak currency that makes the country’s exports more competitive.


It seems funny that JP Morgan have predicted a lower growth rate for the next year, but looking back at previous estimates they have been wrong most of the time.

I'm not suprised that your post was ignored. You are involved in property and you do not agree with the doom-mongers so you and your posts giving any positive news will be unwelcome.
peterwegThreads: 35
Posts: 1,997
Joined: Feb 16, 07 ♂ 		 Dec 13, 11, 16:32    #38
Poland is still doing extremely well, unfortunately the rest of Europe is going to hell.

Isn't that obvious?

BTW, Poland may surpass Spains per capita GDP in 6 years on current trends.
pipThreads: 11
Posts: 1,293
Joined: Jul 4, 11 ♀ 		 Dec 13, 11, 16:39    #39
Avalon:
I'm not suprised that your post was ignored. You are involved in property and you do not agree with the doom-mongers so you and your posts giving any positive news will be unwelcome.



well at least two of us know what is actually happening---funny that we are foreigners.
RichfilthThreads: 8
Posts: 327
Joined: Mar 8, 09 ♂ 		 Dec 13, 11, 16:58    #40
A charming but pointless article. "Do you THINK there's a poverty problem" does not mean there IS a poverty problem.
EdWilczynskiThreads: 3
Posts: 163
Joined: Jun 6, 11 ♂ 		 Dec 13, 11, 17:12    #41
peterweg:
Poland is still doing extremely well, unfortunately the rest of Europe is going to hell.


Poland will continue to do well whilst the large corporations continue move operations into Poland and exploit the cheap labour market.

In fact even the smaller outfits are doing it.

For example Twinings (SCUMBAGS) who moved operations to Poland and China quoting losses in profits. When in actual fact they had made £65 million in profit. They even had the audacity to ask for EU funding to relocate!!!!!

As soon as the large corporations see a chance to up sticks and move to exploit another cheap labour market they will and Poland will left fighting it out with the rest.
FUZZYWICKETSThreads: 12
Posts: 1,999
Joined: Nov 3, 09 ♂ 		 Dec 13, 11, 17:47    #42
mods, please run this into all the other threads about how "no really....poland is doing good now!"
peterwegThreads: 35
Posts: 1,997
Joined: Feb 16, 07 ♂ 		 Dec 13, 11, 17:54    #43
Richfilth:
A charming but pointless article. "Do you THINK there's a poverty problem" does not mean there IS a poverty problem.


The definition of poverty is to be below a certain %age of an countries average earnings.

So matter how rich or poor a country is there will always be some who are relatively poor. They don't make that clear in these sorts of surveys.

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