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Much of the stabilization was due to the strong domestic market. Recall that Poland was the only country to avoid the 2008/2009 recession. It is tight global in
by lo_zamoyski 6mo ago
Much of the stabilization was due to the strong domestic market. Recall that Poland was the only country to avoid the 2008/2009 recession. It is tight global integration that causes recessions to spread.
- airstrike 6mo agoBrazil also famously avoided the 2008-09 recession to a great extent, to name one example. Tight global integration is not a bad thing. Even if we took at face value your argument that a strong domestic market protected Poland in that case, you can't cherry pick the one instance in which lower-than-expected integration was beneficial without also considering all the other times in which it was harmful.
- lo_zamoyski 6mo agoBut this was largely the particular cause in this case... The strong domestic market insulated the economy from international economic shocks.
- airstrike 6mo agoThe US also has a very strong domestic market and yet it was not "insulated"
- lo_zamoyski 6mo agoThat's because the shocks came from the domestic US market!
- scotty79 6mo agoPoland's growth does well when everyone is in the dip. Even in 2020 crisis Poland dipped less than other. Although the difference was less that time. 8 years of populist rule did harm Poland a bit.