The phrase “catching up to Japan,” often celebrated in Polish media, is certainly music to the nation’s ears. However, it doesn’t hold up when measured against most key economic indicators. The concept of creating a “second Japan” was first voiced by Lech Wałęsa back in 1980. At the time, it sounded like a fantasy. Japan…
Growth, Challenges, and Policy Recommendations Poland’s economy has shown remarkable resilience in the face of global economic headwinds. With strong policy measures and strategic reforms, the country is well-positioned to continue its convergence with higher-income EU economies. However, ensuring long-term prosperity will require a steadfast commitment to fiscal discipline, inflation control, and structural transformation to…
According to economists from mBank, Poland’s ability to combine structural investments with resilience to external challenges will be key to maintaining its upward trajectory. As we look ahead to 2025, Poland is set to emerge as one of Europe’s economic bright spots. With GDP growth projected to approach 4%, the country’s economy stands on solid…
Poland’s economy relies heavily on the contributions of foreign workers, as recent data from the Central Statistical Office (GUS) illustrates. By the end of July 2024, more than 1 million foreigners from over 150 countries were employed in Poland, representing 6.8% of the total workforce. Ukrainian citizens formed the largest group, with 701,300 individuals playing…
Europe urgently needs to strengthen its economy and address its growing competitiveness gap to remain an anchor of peace, prosperity, and stability in a world marked by rising geopolitical tensions. The Polish Presidency of the European Union will coincide with the entry into power of a new European Commission, presenting a unique opportunity to reset…
Poland continues to showcase its strength as one of the fastest-growing economies in the European Union. According to the European Commission’s Autumn Economic Forecast, real GDP is expected to grow by 3.0% in 2024 and 3.6% in 2025, after a modest increase of 0.1% in 2023. However, recent data and expert analyses provide deeper insights…
December is a month of holiday preparations, heightened consumer activity, and a surge in demand for seasonal workers. According to Grupa Progres, the number of people seeking holiday jobs in 2024 has risen by 10% compared to last year, with young people under 25 making up a significant 56% of candidates. Women dominate the seasonal…
Current demographic trends could lead to a more than 12% decline in Poland’s workforce by 2035, warns the Polish Economic Institute in its latest report. Poland is facing a demographic crisis that could have severe consequences for its labor market. A recent report from the Polish Economic Institute (PIE) warns that by 2035, the number…
Data from the European Commission show that since 1996 the amount of clothing purchased in the EU per person has increased by 40%. Annually, Europeans buy 26 kg of clothing and throw away around 11 kg of textiles. Meanwhile, according to a KPMG report from 2019, nearly four out of 10 Polish consumers said they…
While Poland’s low unemployment rate means there will likely be no surplus occupations in 2024, 14 professions requiring higher education are projected to be in high demand. The popularity of specific university majors in Poland doesn’t always align with the needs of the job market, according to a new report. In 2022, a total of…
Minimum wage in Poland set to increase again in 2025 According to a survey by Grupa Progres, 26% of foreign workers express a desire to earn between 3,000 PLN and 3,900 PLN net. However, expectations differ among Ukrainian workers, who set a higher minimum threshold of 4,000 PLN net. In 2025, employees earning Poland’s minimum…
The “PIE Economic Weekly” reported that of the almost 80 million people employed in the EU in the science and technology industry in 2023, 52%, were women. “According to Eurostat data, which are provided for the so-called EU macroregions, Poland is one of the countries with the highest percentage of women in the science and…