Poland: Eastern Europe's strongest motor will stall

Poland is one eastern European economy which is not a basket-case. Production is recovering and retail sales are climbing, but it will be a while before economic growth really takes off.

The flood of grim news over the past year might suggest otherwise, but not all eastern European economies are basket-cases.

Take Poland, the only one to have avoided recession; its annual growth rate rose to 1.1% in the second quarter. Unlike some of its regional peers it has a flexible exchange rate, so a falling currency cushioned the blow.

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