Is it Possible, Good News from Europe?

The French and Germans and not placing nice in Davos, but there is a glimmer of good news on the European front from Poland.  The country’s GDP grew at 4.3 percent in 2011.  Poland should be considered to be a Big Emerging Economy, and right now is definitely benefiting from not using the Euro as its currency.

More importantly, Marek Belka, Poland’s central bank governor on Bloomberg Television stated that he was projecting growth of over 3 percent for 2012, and that he was “more optimistic than most analysts”

With no long-term solution of the Euro debt problems on the horizon, it seems unlikely that any European country will be able to come anywhere close to Poland’s growth projections for this year.

If the 2012 projections hold, Poland will retain its status as Europe’s best preforming economy since the beginning of the global debt crisis in 2008.

While there is no question that Poland’s economy is tied to the rest of Europe’s, but it appears that Poland may remain a bit of an oasis from Europe’s debt crisis. This has resulted in an increase in foreign investment, which is likely to continue.

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