There are many indications that the period of fast growth of the Polish economy is already behind us. Simple growth reserves have been exhausted and high-tech production in has not been developed to a significant extent.
China has intensified its presence in the Balkans, especially in Serbia, since the beginning of the year. Serbia is a strategic target as its position is very important in transport infrastructure in Southeast Europe.
Poland must be prepared for economic slowdown resulting from the global situation, but recession, at least for the time being, is not expected, the chief economist of the Polish Development Fund, Paweł Dobrowolski, said at the Economic Forum in Krynica.
The economists cooperating with the European Financial Congress predict that the period of boom in the Polish economy is already past its peak and that the rate of growth will drop from 4.5 per cent in 2018 to less than 3 per cent in 2021.
One of the key issues in the economic debate across the world, and in particular in the developed countries, is the inadequate funding of retirement pensions. However, the fact that this problem is much more serious in the case of women has been overlooked.
Polish Statistics’ estimates of GDP growth were met with a pretty chilly response on the part of some analysts. Few noticed the double-digit increase in value added in construction and in the financial sector.
According to the report of the EU Intellectual Property Office, on average every EU citizen loses the equivalent of EUR116 per year due to the sale of counterfeit products. The total losses in 13 industries in the EU reach EUR60bn.
In the Q1’18, Croatia was among the EU members with the largest growth in the number of employees on a quarterly and annual level, Eurostat's latest report showed. Still, the country lacks employees in all sectors.