Boasting the surging growth of an emerging economy alongside inflation more akin to a developed market, Poland has for years been the envy of Europe. That “Goldilocks” combination, however, won’t be around much longer.The shift, driven by resurgent consumer prices, marks the end of an era for the only European Union member to avoid a recession during the global financial crisis. Since 2017, it’s balanced an expansion of about 5% annually with record-low borrowing costs.
Countries like Romania are growing more quickly, but not without the inflation that brings. The Czechs have been fighting to rein in inflation, and their economy …read more
Source: Gulf times
