Construction: The end of the Polish exception

5/15/2013 - Report
ic_blogtagEconomic OutlookPolandConstructionEmploymentHousingSector Risk
The construction sector was boosted from 2004 by investments in infrastructure and housing partially financed by European Union funds and public spending.

Poland's economic catch-up with its European neighbors then ran into the economic downturn, a drying up of loans and a fiscal deficit that forced a change of economic policy.

The contraction in international demand, budgetary restrictions and the shrinking of European Union funds caused the financial situation of construction companies to deteriorate, resulting in a surge in insolvencies.

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Construction: The end of the Polish exception - Report