The OECD assessment and recommendations on the main economic challenges faced by Poland are available by clicking on each chapter heading below.
The challenge of regaining sustainable and fast growth
Notwithstanding substantial progress to date, Poland must regain fiscal stability, raise employment levels, make itself more attractive for investment and speed rural development if it income levels are to catch up rapidly to the rest of the OECD.
Towards a sounder macroeconomic policy mix
Monetary policy has successfully brought inflation down to low levels. To keep it there will require more transparency in the formulation and communication of policy. A much tighter fiscal stance would help by reducing inflationary pressure and is necessary to ensure medium-term sustainability.
Policies to raise employment
A significant restructuring of the benefit system to improve incentives to work and policies to increase firms' demand for labour are required to overcome widespread unemployment and non-employment.
See also ECO Working Paper 414 The jobs challenge in Poland: policies to raise employment
Policies to speed convergence
Improving the investment climate; speeding the privatisation process and spurring rural restructuring will both help spur demand for labour and speed the convergence of Polish income levels with those of the OECD.
See also ECO Working Paper 392: Enhancing income convergence in Central Europe after EU accession
Sustainable development in Poland
To ensure the fiscal and environmental sustainability of economic growth steps need to be taken to rationalise environmental policy and to ensure that pension reforms already put in place are followed through with.
