Poland is the only country in Europe to have avoided recession in 2009, with preliminary data suggesting that the economy grew by 1.7%. BMI forecast Polish GDP growth rates of 3.4% and 3.8% for 2010 and 2011 respectively, the highest of any EU27 country with the exception of Lithuania. Much of Poland’s resistance towards the economic crisis can be explained by the small share of exports as a percentage of GDP, positive private consumption growth and favourable credit conditions. Internal demand and the comparatively robust banking sector are expected to be the drivers of further economic growth in 2010 and beyond.

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