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Poland property market still has strong domestic demand

Posted on 02 March 2012

Poland is Europe’s sixth largest economy and is still benefiting from strong demand. Because it has yet to join the Euro, it has been able to devalue the local currency in order to maintain competitiveness. Last year the Polish economy grew by 3.8%, it is predicted to grow by 2.5% this year and by 2.5% in 2013 according to the OECD.
Although local consumption is expected to slow, it is also expected that exports will help compensate for this week demand, reducing the budget deficit from its current 5.3%………………………………………….Full Article: Source


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