Czasopismo | PRZEMYSŁ SPOŻYWCZY | Rocznik 2010 - zeszyt 7-8

Polish Food Industry in the Period of the World Economic Crisis

Roman Urban

nr katalogowy: 53785

In the half of 2008 - after a period of quick growth1 - the world economic crisis appeared unexpectedly. It commenced from big disturbances on global financial markets which brought up the economic recession. It was manifested, first of all, in the most advanced countries of the world (USA, EU, Japan) and in a part of developing countries (Russia, Ukraine). According to the estimation of economists, the economic recession occurs when a decline of gross domestic product (GDP) takes place for two successive quarters. It occurred in 2009 in all - except Poland - countries of the European Union. During the highest intensity of the recession, GDP in the EU decreased by ca. 5%, in average. The greatest recession occurred in three Baltic countries (average 16.5%) and a high one (5-9%) - in eleven countries of the European Union, including three Scandinavian countries, Germany, Great Britain, Ireland, Italy, Hungary, Slovenia, Slovakia and Luxembourg. In the remaining countries of the EU, the decrease of GDP was equal to 2.5-4.7%; only in Poland, the increase by 1.4% was recorded2. The consequences of recession were most intensively felt by the industrialists. Within the European Union, industrial production in quarter I and II of 2009 was by 17.5% lower in average as compared to analogical period in 2008 (figure 1). The greatest decline of the mentioned production, exceeding 20%, occurred not only in the Baltic countries (25%) but also in such states as Finland (24%), Luxembourg (25%), Slovenia (24%), Italy (23%), Spain (22.5%), Slovakia and Hungary (22%), Sweden (21.5%) and Germany (20.5%). The lowest decline of industrial production was recorded in Poland (8%) and in Ireland (4%), Cyprus (10%), Greece (11%), Portugal and Holland (12%). Following the decrease of production, a high reduction of proceed of industrial producers was found. In a half of 2008, the mentioned prices in the EU increased by 10% in annual scale while in quar[...]

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