How is Poland doing economically?

In 2020, Poland’s GDP contracted by “only” 3.5\%, significantly less than the OECD average of 5.5\%. We should keep in mind that the Polish economy was also performing very well before the pandemic. It had been forecast to grow by 3.1\% in 2020, according to the IMF’s World Economic Outlook from October 2019.

What are some current issues facing Poland?

The World Bank has identified four areas that represent Poland’s biggest economic challenges.

1. An Aging Society. Poland’s population is aging more rapidly than that of any other European country.
2. Leveraging Technology for Growth.
3. Increasing Inequality.
4. Sustainable Management of Natural Resources.

Is Poland a good country?

Poland is one of the most economically developed countries in Eastern Europe. It offers a high level of salaries, low housing prices, low taxes compared to other EU countries and a lot of people are choosing Poland for permanent residence or as the first country to “move to Europe”.

How is Poland doing with Covid?

Poland is reporting 21,864 new infections on average each day, 76\% of the peak — the highest daily average reported on March 31.

Is Poland a stable country?

Politically stable, and member of the European Union and NATO, Poland is quickly catching up with the West. Poland’s growth has been driven by strong domestic demand, dynamic exports, improved productivity, foreign investment, a stable banking system, and a significant inflow of EU cohesion funds.

Is Poland a good place to settle?

Poland has the 6th largest GDP in the European Union and 21st in the whole world. The country is considered one among the top 25 developed nations in the world, which means the country offers an excellent quality of life….The Best Cities in Poland to Live and Work.