
Poland Enters First Recession Since Communist Era – Official Data
Poland is experiencing its first recession since the end of the communist era more than three decades ago, an estimate by Poland’s statistics office showed on Friday.
The economy shrank by 8.9 percent in the second quarter because of the effects of the coronavirus lockdown, after a contraction of 0.4 percent in the first quarter.
Recession is defined two consecutive quarters of contraction.
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Poland was the only European Union member state to avoid recession during the global financial crisis of 2008 and 2009 and has enjoyed healthy growth …















