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Poland’s overall economic performance has been impressive over the last decade. Yet, important challenges remain ahead. Making the labour market work better and strengthening product market competition would boost economic prospects.
Poland’s economic performance has been impressive over the past 15 years, but further reforms are now needed to put the economy firmly back on track for stronger and sustainable growth, according to the OECD’s latest Economic Survey of Poland.
A broad agenda of reforms in four areas – labour markets, education, product markets and innovation – should strengthen Poland’s economy and allow it to continue its path of convergence towards the income levels of the more affluent OECD economies, said Angel Gurría during a seminar in Warsaw.
Notwithstanding a very strong economic performance over the past decade or so, Poland’s per capita income is substantially lower in comparison with the United States and per capita income growth will be sharply slowing down over the coming decades under the scenario of gradual policy changes mostly because of population ageing.
Since the transformation following the Communist era, Poland has matched improvements in health outcomes of the most developed OECD countries, although without catching up the ground lost during the 1970s and 1980s.
Poland is on track to meet its international greenhouse gas emissions commitments. However, it will need to cut emissions significantly in the future, if the European Commission’s proposal on the Low Carbon Roadmap is adopted.
Throughout the global and European economic crisis, Poland has been the OECD’s champion in terms of cumulative real GDP growth. But Poland must continue to build on its past achievements and make further progress in areas where reforms are needed to sustain strong growth in the years to come.
Poland has been the OECD’s best real GDP growth performer through the crisis. The priority in terms of macroeconomic policies is to steadily reduce the public deficit. The Survey highlights recommendations to improve the health-care system and adopt more efficient environmental polici
W okresie globalnego kryzysu gospodarczego Polska wyróżniła się na tle państw OECD dzięki znacznie szybszemu wzrostowi gospodarczemu w porównaniu do większości państw oraz imponującemu sukcesowi w zakresie redukcji różnic dochodów w porównaniu ze swoimi europejskimi partnerami.
Poland has been a strong performer across the OECD through the global economic crisis, growing much faster than most other countries and making impressive steps toward reducing the income gap with its European Union partners, according to the OECD’s latest economic survey.