Going up in the FTSE world

The beginning of autumn was not a good time for the Polish economy – after a rise, the WIG index went south and the growth the country previously saw in wages, employment and industrial production slowed. However, this makes the fact that FTSE Russell has added Poland to its list of 25 developed countries in its annual review of world markets all the more noteworthy. The promotion was based on the strength of the Warsaw Stock Exchange, but it also generated a lot of publicity for other sectors of the economy. “The rapid development of Poland’s capital market has resulted in it being classed as a developed market. This is a fundamental change in how global investors perceive Poland. Our country’s reclassification gives us the opportunity to interest new investors in Polish shares and represents a great opportunity for the entire capital market,” effused Marek Dietl, the president of the WSE. On a par with France and Japan The FTSE reclassification might a