Poland was the only EU country to avoid recession during the Great Recession because it did not overreact: it kept policies steady with no big stimulus, maintained steady monetary policy, and had pre-crisis reforms keeping debt low, limiting foreign-currency borrowing, and maintaining good inflation-targeting policy—similar to other resilient emerging markets like Brazil and India.

causalpending

Speaker

John Taylor

Evidence Quote

they had made some reforms trying to keep their debt low level low trying to make sure you didn't borrow too much in foreign currencies and also had this inflation good monetary policy in place

Source

John Taylor on the State of the Economy 07/19/2010EconTalk
Created: 6/15/2026, 9:17:28 AM

My Notes

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