A SUPPLEMENT TO EUROMONEYPoland’s strong 1995 GDP growth of 7% is a signal that recovery is on its way. The officially projected real GDP growth for 1996 is 6%, although a slight downward revision is highly likely. Poland increased industrial output in 1995 by 9.4%. After an early 14% surge in 1996, the first effects of the German recession reduced demand (Germany absorbs 38% of Polish exports). This combined with real zloty appreciation have negatively impacted exports. |
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