Poland closer to EU prosperity. Soon, our … – Gazeta.pl

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Today our gross domestic product is 70 per cent. the EU average, whereas in 2004. when we entered the EU, does not even exceed half the average GDP of the Union. According to the Ministry of Finance 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

is catching up with the European Union

Over the past seven years Poland is very efficiently managed to shorten the distance to the EU average thanks to much higher economic growth. While our economy has grown at a rate of almost 24 per cent., The EU has in principle in place (an increase of 0.6 percent.). “Current growth 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.

As noted by “Puls Biznesu”, soon in terms of the amount of GDP we can overtake the first country in the so-called. old EU – Greece. The difference is only 800 euros, but Poland still recorded growth, while Greece next year in a row is in recession.

Efficiency and innovation

However, according to experts, to maintain the momentum in catching up with Europe, Poland needs to change its economic model. “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” – explains Grzegorz Sielewicz.

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