Interest rate cuts needed to boost Poland's outlook

Professional Adviser
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Despite a recent uptick in the Polish market, sentiment remains bearish as real economic growth will...

Despite a recent uptick in the Polish market, sentiment remains bearish as real economic growth will require an overhaul of fiscal policy and a cut in rates. Rafal Wiatr, head of Polish equity research for SchroderSalomonSmithBarney, says economic data published for January points to an upward trend in economic activity in the country. Industrial production was up 3.5% year-on-year, with a 4.7% increase in manufacturing and retail sales were up 6.4%, the strongest year-on-year reading since July 2002. 'Exports are still holding strong, appearing almost unaffected by the EU downtu...

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