Weaker currency to drive up Polish corporate profits

The weakening of the zloty versus the euro is expected to drive up corporate profits in Poland, providing numerous opportunities, particularly in the industrial sector. The Polish finance ministry announced third-quarter GDP growth is expected to reach close to 2% year on year, which would be the emerging market's strongest quarter so far this year. Pawel Szymanski, analyst at SchroderSalomonSmithBarney, said the weakening local currency will particularly benefit export-led companies. 'Export sales, helped by the zloty weakening versus the euro, have been trending upwards and industri...