Santa brings cheer to the bourses

The problems of the eurozone at the end of the year were replaced with the ?fiscal cliff', the euphemistic name for the troubles the largest economy in the world has been having with balancing the federal budget. The introduction of an emergency plan drawn up by the US Republicans before Christmas ended in fiasco. Now that the problem has been apparently resolved, it can be seen that it has not troubled stock exchange investors' moods (helped by an influx of cash ?manufactured' by the Federal Reserve), nor has it impacted the real US economy - its GDP growth for Q3 has been revised up to 3.1 pct from 2.8 pct.However, the same was not true in Poland - the data for Q3 turned out to be weaker than expected with the economy only growing by 1.4 pct y-o-y. The recession in the eurozone has hurt and adds to the hangover of poorer results in the construction sector after the end of Euro 2012. The question now is how the economy will cope in the coming quarters. But so far the Santa Claus effec