24th October 2012
Saturday, May 18th, 2013
Retail results signal bigger than expected downturn in Poland
Polish investors were shocked to discover yesterday that September's retail sales numbers increased just 3.1 percent year on year, reported Parkiet.
The shock came because analysts were anticipating gains of some 5 percent. According to economists, this retail slowdown is a harbinger of a strong general downturn looming over the Polish economy.
The worst of it is expected to hit at the end of the year and in the first half of 2013. Investors are advised to put their money into resource companies and other firms expected to play a role in a global economic revival, which is anticipated in the latter half of 2013.
From Warsaw Business Journal
Also check out:
ZEW expectations index for Poland grows
Poland doubles deficit forecast
BIEC indicator shows economic stagnation
Experts: Poland's GDP to grow 1.5% in 2013
Polish retail sales up only slightly in March
ZEW expectations index for Poland grows
Poland doubles deficit forecast
BIEC indicator shows economic stagnation
Experts: Poland's GDP to grow 1.5% in 2013
Polish retail sales up only slightly in March
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