The crunch with perfect timing

Radosław Górecki, Eurobuild CEE': The Bank Zachodni WBK report on the prospects for 2013 is entitled ?On the Edge'. Looking at the various market analyses, you could conclude that we have been on the edge for more or less two years. And here the question arises whether we are doomed to finally fall into the precipice or perhaps manage to pull back from the brink by some miracle?Maciej Reluga, chief economist at Bank Zachodni WBK: I disagree with the statement that we have been on the edge for two years. You need to remember that in 2011 and throughout a large part of 2012 the Polish economy was developing at a decent rate. Now we are coming to a point where we could actually find ourselves on the edge of a recession. We can look at 2013 in two ways: if someone wants to be a pessimist, they could of course say that the risk of recession is quite high. They could assume that the whole year will be worse than the last one. In 2012 economic growth probably reached a level of around 2