Talent and Technology: What's Driving Poland's Growth

Goldman Sachs Exchanges

Goldman Sachs

Business

4.4 • 1K Ratings

🗓️ 15 October 2018

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Poland is sometimes overshadowed by its European neighbors, but it's an important player within the region, according to Goldman Sachs' Artur Tomala and Brent Watson. In this episode, Tomala and Watson describe Poland's economic, business and political environment and why robust job opportunities are leading many Poland emigrates to return home. "We're starting to see people come back," Watson says. "And it's all based upon the fundamental principle of having quality work." br> This podcast was recorded on August 2, 2018. The information contained in this recording was obtained from publicly available sources and has not been independently verified by Goldman Sachs. Neither Goldman Sachs nor any of its affiliates makes any representation or warranty, as to the accuracy or completeness of the information contained in this recording and any liability as a result of this recording is expressly disclaimed. The recording should not be relied upon to evaluate any potential transaction. Goldman Sachs is not giving investment advice by means of this recording, and this recording does not establish a client relationship with Goldman Sachs. Copyright 2018 Goldman Sachs & Co. LLLC. All rights reserved.

Transcript

Click on a timestamp to play from that location

0:00.0	This is Exchanges of Goldman Sachs, where we discuss developments currently shaping markets, industries
0:13.4	in the global economy. I'm Jake Seward, global head of corporate communications here at the
0:16.8	firm. We're coming to you today from London where we're recording a few podcasts as part of a deeper
0:21.4	dive into emerging economic and market themes around Europe.
0:25.3	Today's episode is all about Poland, a country sometimes overshadowed by its neighbors, but an
0:30.0	important player within the continent.
0:37.5	Joining us today we have Artur Tamala who heads our firm's investment banking efforts across Poland, the Czech Republic and Slovakia, and Brent Watson, head of the Goldman Sachs Warsaw office
0:43.4	and head of operations for Warsaw.
0:45.4	Artur and Brent, welcome to the program.
0:47.3	Thank you for having us.
0:48.3	Thanks, Jake.
0:49.0	Our tour, let's start with a quick macro look
0:51.3	at the Polish economy. Where does it stand today and where is it going?
0:55.0	Poland continues to be very positively affected by the developments in the broader Euro area.
1:01.0	As you will know, our economy heavily relies on exports. Germany being the biggest
1:06.4	export market followed by UK, Czech Republic, France. Clearly the growth that we've seen over
1:11.6	last 12, 18, 24 months have positively contributed to the development.
1:16.0	I think if you look at the annualized rates of growth, based on the latest waters,
1:20.0	you would get the numbers which are inviolable around 5%.
1:23.4	Overall, I think if you look at the soundness of the economy,
1:26.4	you see current account deficit in check.
1:29.2	You have lowest unemployment rates, stable rates,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Goldman Sachs, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Goldman Sachs and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.