Not low labor costs and productivity should compete … – Pulse HR

PAP / AT | May 4, 2015, 13:26 Print the article Recommend this article

70 percent. the EU average – a level achieved our gross domestic product per capita (fot.fotolia)

– It is necessary to change the key factor for the competitive advantage of our economy. Currently, it is attractive labor costs, and should be – higher productivity and innovation – says Grzegorz Sielewicz, chief economist for Central Europe Coface’a.

Three-quarters of the wealth gap with the European Union in 2018. Will be behind us – reports “Puls Biznesu”.

70 percent. the EU average – a level achieved our gross domestic product per capita. In 2004. When we entered the EU, does not even exceed half the average.

“The current growth rate is decent, although there is no reason to wonder. We are still rising economy, which recorded and should record growth higher than in developed countries “- indicates Gregory Sielewicz, chief economist for Central Europe Coface’a.

The Ministry of Finance believes that in 2018. GDP per capita, taking into account the real purchasing power of our currency, shoot to 76 percent. the EU average and is more than two times higher than in the early 90s.

According to experts, if we dream of prosecuting the West in a similar or faster pace in the next decade, we need to direct the economy in a completely new direction. “It is necessary to change a key factor for the competitive advantage of our economy. Today, it is attractive labor costs, and should be – higher productivity and innovation” – says Grzegorz Sielewicz.