abmiros
14.05.10, 22:34
Out of tragedy, normality
Poland’s prospects look bright, despite the aeroplane crash that
killed its president on April 10th. But Poles still have a lot to do
to make the most of their chances
Apr 15th 2010 | From The Economist print edition
(...)
The clearest success is the economy. Poland is not only doing well
in the “ex-communist” region (already a dated category). It is doing
well by any standard. Its economy was the only one in Europe to
boast growth last year, of 1.7%. Though the budget deficit is a
whopping 7% of GDP, outsiders are unbothered. Poland’s banking
system is solid, being largely unburdened by the rotten foreign-
currency loans made in places such as Hungary and Latvia. Outside
investors like Poland. It attracted more than $10 billion in foreign
direct investment last year. Debt, at 53% of GDP, is manageable.
Countries such as Britain might drool at that.
(...)
The government now exudes confidence. Mr Tusk heads a stable
coalition with a solid parliamentary majority (unknown in modern
Polish history). Business likes that.
(...)
