Poland Economy Is Booming


09 Oct
09Oct


Colton Hveem

Poland is slowly emerging as one of the most attractive countries in Europe for economic opportunity. While many European nations struggle to envision the future of their own economic prosperity, Poland was recently upgraded from an emerging market status to a developed market status, becoming “the first in Central and Eastern Europe to join the ranks of developed markets such as the United States, Japan and Germany,” Radio Poland reports.

Poland experienced 5.1% GDP growth in the second quarter of this year, and has since seen growth expectations rise for 2018 and 2019. “Ratings agency Moody’s last month revised upwards its forecast for Polish GDP growth this year to 5 percent, and it also raised its projection for Poland’s economic growth next year to 4.2 percent,” according to Radio Poland.

The prosperity has bolstered the ruling conservative party to look inward at the state of the Polish people. “Our market economy is booming, allowing us to take care of the least fortunate,” says Prime Minister Mateusz Morawiecki. “We have shown that helping the least fortunate isn’t incompatible with growth.”

Poland has experienced more than 10 percent growth in the past two and a half years, making it the fastest growing economy in Europe.

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