Resistant and Quick to React
Poland in the Financial and Economic Crisis
Deutsche Fassung
Abstract
Poland is the only country in Europe that did not plunge into a recession during the global economic and financial crisis. Its capital market was less vulnerable than that of many European countries. Poland is not as dependent on exports as other countries in the region. At the same time, Poland was able to respond well to the crisis as well. A flexible labour market allowed for quick adjustments; a smart monetary and currency policy also helped.
(Osteuropa 5-6/2011, pp. 235–248)