2023-12-31 15:07:58
Poland is the big economic figurehead in Eastern Europe. However, following the change of government at the end of the year, the country has a lot to do to maintain its growth path in the long term.
It takes less than three hours by car from the Austrian border to the Polish one. Modern cities stretch from the south of the country up to the Polish islands in the Baltic Sea. With one of the fastest growing economies in Europe, the country tells an economic success story like no other country. With the transformation from a planned to a market economy, the country emerged from difficult times at the end of the 1980s. Unemployment rates skyrocketed and people fell into poverty. After that, things went uphill: real gross domestic product (GDP) has more than tripled in the past three decades, and GDP per capita has almost quadrupled. Poland joined the EU in 2004. Trading volumes have increased sevenfold since 2002 and the unemployment rate is now one of the lowest in Europe. Today Poland is the sixth largest economy in the Eurozone. And the EU plays an essential role in this success story.
Strong middle
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