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Justin Kuepper

Poland Isnít Immune to Eurozone Crisis

By December 31, 2012

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Poland's economy is well known as one of the most robust in the European Union, but even its economy isn't immune to the effects of the sovereign debt crisis. While the country's economy grew 4.1% in 2011, many economists expect it to slower to just 1.5% next year as larger components of Europe like Germany begin to wane.

The country's long border with Germany and its skilled, low-cost labor force have made it a popular place to manufacturing large consumer goods like cars and appliances. But unfortunately, many of these exports are to Germany, who is seeing its own declines in GDP, despite posting strong growth rates throughout the crisis thus far.

The iShares MSCI Poland Investable ETF (NYSE: EPOL) is trading up 7.7% over the past month and more than 10% over the past three months. But, investors may want to consider taking some profits off the table on this ETF and others focused on Poland.

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