Author of the article in “Daily Telegraph” Roger Bootle noted that years ago there was no indication that Poland will be the post-communist country that will achieve the greatest success in the future – interestingly, initially it was hoped that to Hungary. “Critics will say that Poland has benefited greatly from EU payments. This is true (…). However, Poland owes a significant part of its success to its own efforts,” the journalist emphasized.
“A stunning success” of the Polish economy. The Briton discusses its development
Bootle referred to data that after the fall of communism in 1989, Poland's GDP per capita was approximately 40 percent. British. Then it decreased and increased, and in 2004 (when Poland joined the EU) it reached approximately 45%. UK GDP. Currently, it is already 80 percent, although the real amount of income and consumption is comparable.
“This change has been driven both by the UK's poor productivity performance and by Poland's stunning success. From time During the global financial crisis, the Polish economy grew at an average rate of 3.4%. annually. This rate for Great Britain is 1.7%. This means that while in the past Poles could come here and work hard, enjoy a better life, while also being sent money home, now it's much more difficult. Many of them will find themselves in a better financial situation when they return to Poland,” said the author.
Poland as a model for Great Britain? However, the economy has its drawbacks
According to Roger Bootle, the Polish economy is not completely perfect – he also pointed out, among others, for high inflation, budget deficitor public debt. In his opinion, however, this should not affect the development achieved.
“The truth about Poland's success is an uncomfortable one, at least if you are British. The main reason Poland is doing so well is that its economic policies are very well managed and the country has a habit of adopting the right measures to stimulate economic growth” – added the publicist.