The gains stem largely from the benefits of joining the European single market, say analysts.
The gains stem largely from the benefits of joining the European single market, say analysts.
GDP per capita adjusted for cost of living has reached 81% of the EU average, up from 44% three decades ago.
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Poland recorded a GDP growth of 10.7% year-on-year in the second quarter.
The prime minister says Poland will reach a “European standard of living” with the reforms.
The profitability of Polish banks was among the lowest in the EU.
The prime minister and ruling party chairman say that a new government economic programme will help Poland catch up.
The plan includes more subsidies for parents and support for aspiring homeowners, but also a greater tax burden on higher earners.
Paweł Bukowski and Wojtek Paczos
The type of lockdown matters, but Poland has also had some luck.
Analysts warn that figures will rise further yet when state aid dries up.
Costs are pushed up by domestic holiday-goers and “coronavirus” fees on services.
Poland draws most foreign investors to real estate – and increasingly also to renewable energy.
“In the medium term, Poland may benefit from reshuffles within global supply chains.”
Poland could gain over $8 billion annually as global value chains shift away from China.
Marcin Czaplicki
Polska jako jedyna w UE oparła się kryzysowi po 2008—i tym razem ma szansę wyjść obronna ręką.