The Polish Economy and its future

southern
I think they have some crises of their own to worry about.

Who cares when you got rockets.

M-G (anytime)

I wouldn't say that geography is disadvantage of Poland. Look at Spain, or Canada. They also have rich countries only besides them, not round them. And what should Finland say?

I see very bright future for Poland till 2015, because of EU funds, but after that I don't know what will happen. Also Poland makes less debt now, than western countries. That will benefit in the future. I've made a comparison of gdp per capita (prices level corrected) of Poland and Germany. In 1992 Poland had 28% of Germany gdp per capita. 1996 - 34%, 2000 - 40%, 2004 - 43,5%, 2008 - 49,5%, And this year it will be 52,5%. That's not very impressive, but the speed of catching up increased significantly since EU acession. 9 percent points in five years.

jwojcie - Netherlands had -5.1% decline in q2 year over year. -0.9 was quarter over quarter.
epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/2-02092009-BP/EN/2-02092009-BP-EN.PDF

Thx for correction. It means that in total GDP PPP terms, Poland already reached Holland (of course if prices relatively didn't change much). But in those circumstances unfortunately there is not much to be pleased with. I suppose that in next EU budget Warsaw would lose EU funds for poor regions... It would be better to be last in racing EU train than first in EU broken one I think. Maybe this is exactly current situation? The locomotive already derailed, some wagons just drive pushed by inertia forces..

No they haven't. Unless you're paying 248.000 € for a house. (Average housing price here at the moment!) Not even mentioning the huge difference in tax, prices and salary.

I'm just saying that if we were to lower our taxes with only one percent, we would see a dramatic increase in wealth already. We have this system, because it enables us to invest heavily in public healthcare, aid programs and infrastructure.

The only reason Poland has more stability at the moment is because of all the funding from other EU members. I'm happy to hear that this crisis hasn't affected you guys too bad, but don't blow your own trumpet just yet. It's the same for everyone world-wide, and thanks to a few greedy people who refuse to listen, I don't think we've seen the last of this crisis yet. I don't think anyone can predict the outcome.

Not being pessimistic or negative, just being realistic. Things need to change dramatically, but I don't see much changing to be honest. I hear a lot of pep-talk, but I don't see too much action.

I wish people could do more for themselves, there are a lot of people with great ideas out there, but unfortunately the oil industrials seem to think differently. No matter how you look at this, we will run out of oil and gas one day, and some people say this will start to happen within the next ten years.

Let's hope so. Maybe that'll change something for the better.

I agree with that...
This Poland vs Holland thing was just coincidence :-) I wish Holland well.


Maybe not only, but main for sure. On the other hand without EU entry Baltic states wouldn't be on such roller coaster now. Paradox, isn't it?

Oh, I'm sorry if I came across like that, but I didn't see it as a Poland vs. Holland thing. I just wanted to explain something about our country, because from reading your post I was under the impression you thought your economy was just as strong as ours, and this simply isn't the case. I don't mean to say it's better over here, but we have a different system.

However, I wish it was, because the stronger your economy will be, the more we can do for eachother.


You could vieuw it as a paradox, but roller coaster or not, I think you'll be happy to have been on that roller coaster once everything has calmed down. I wish everyone well, it seems we're all in for the same ride..

:)

Paradox is that only 50% of all jobs are justified by a real demand...the rest is
a bubble! It works as long as people believe in money-printers...

Amen :-)

New data

It sees rhat only Poland has GDP increase in europe ... 1.4% - always something ...

I hope the economy does better in the coming year.

There are already high hopes =)