According to a recent report by the National Bank of Poland, most Polish entrepreneurs are keeping their investment plans on hold, at least until the second half of the year. As the economy slowed in the last quarter of 2012, it was the construction sector that suffered the most, the report indicates, and the downturn is expected to continue through the first six months of the year.
More lay-offs are anticipated during the first quarter of the year.
But the report shows that many other sectors of the economy are also faced by falling demand. After two downbeat quarters, export orders have improved slightly, while demand and production forecasts are also up, but growth rates are still expected to remain at low levels.
