We Can Still Win in a World of Instability

We have until 2030 to benefit from significant EU funds and a stable demographic situation in the labour market. After that, society will start to age rapidly, real tensions will appear in public finances and business succession will become a problem. There is a way out: a sharp increase of investment in new technologies, infrastructure and the energy system. But we are doing badly in this respect.

Over the past three decades, Poland has become one of the global development leaders. GDP per capita valued at purchasing power parity grew by 240 percent to more than USD 44,000. We have already left nine EU countries behind, and Spain and Italy are just within our reach, which may be confirmed in the coming years. What can we do to keep this trend going and not drop out of the race as others have?

Success is not guaranteed

There is no doubt that the Polish economy, along with entrepreneurs and employees, has enjoyed massive success. We have reached 80 percent of the EU average in terms of productivity and income and, for the first time in history, we are 50 percent closer to the current global technology leader, the US. Our economy ranks 20th with nominal GDP amounting to USD 811 billion in 2023. According to European Commission reports, the overall parameters of macroeconomic stability place us among the leading European countries. This has been accompanied by a reduction in social inequalities.