PolAmKrakow
15 Mar 2021 #5161
@amiga500
"adjusted for working days" you are a real idiot. Accountants lie, real numbers not adjusted don't. The fact is while growth has constantly been projected, GDP has declined. The average difference according to credible sources is a swing of between 8 and 9%. 5% growth projected and 3 to 4% actual decline. An 8 to 9%swing is devastating to a nations economy. It effects debt structure, future financing, and a whole slew of other things. I just happen to own a company in the business consulting arena, so numbers I definitely understand. The press lies on both sides.
Poland is in deep. Just to kill time last night I walked around 6 blocks in my neighborhood. I live in an older area with new construction taking pace and very high $ M2 real estate. 27 store fronts vacant that once had small business thriving in them. Thats what things look like on the ground in a neighborhood that does not rely on tourist income.