Politics overshadows economics for zloty

Poland’s currency is currently undervalued by as much as 7%, according to Michal Dybula, central emerging European economist at BNP Paribas in Warsaw, and the euro/zloty is trading around 4.89. This is despite economic fundamentals pointing towards a period of appreciation -- the government has begun cutting the budget deficit, there are increasing inflows of foreign direct investment, and there is accelerating productivity growth.

"The current political problems in Poland are the sole cause

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