EME Macro/Strategy: Poland – broader recovery deferred to beyond the summer
In February, business confidence moved sideways across the board. According to GUS, the only sector that is showing improvements is transport and logistics, while information technology is moving sideways steadily, and the remaining sectors have been showing strong volatility in recent months, some with a downward bias. The government has eased some restrictions on a trial basis in February, and the second quarter may see a further systematic softening of the restrictions, but the stringency of the restrictions will not be loose enough, in our view, to facilitate a full rejuvenation of the economy, as the government rushes to inoculate those who are vulnerable.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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