Norman Logistics Sp.zo.o. has released a new forecast of Poland’s economy. At the end of September several international economic indexes have rapidly indicated the growth of Poland, specifying that Poland is one of the few countries of Soviet bloc, being able to achieve strong economic breakthrough after the restoration of independence. Within this period Poland has doubled its DGP indicators[1], moreover, the state was able to create such stable economy, that even entering the EU and NATO was unable to fluctuate it.
Stability and democracy were kept alive in Poland. Of course, there are both social and political variations, e.g. conflict between social conventionalists and progressives, but Polish government doesn’t allow it to break the economic achievements, Rolands Petersons, member of the board of Norman Logistics Sp.zo.o. offers his thoughts on Poland economy.
Poland achieved the balancing of situation regarding the trade deficit area; it was decreased up to 3,7 billion euros. Poland was able to develop the industrial export, especially improving the mechanical engineering, manufacturing of repair parts for cars and furniture.
Strong manufacturing area helped Poland to become the sixth largest economy in the EU. Poland has considered its priorities to be social welfare expenditures for the years to come and this decision decreased the investors increase forecasts. Despite of the achievements brought by the structural reforms, including the liberalization of trade, lower corporate income taxes and legislation favourable for business, country should also invest in its general infrastructure, e.g. automobile roads and railroads.
Unemployment rate in Poland is low, supporting the growth of salaries and increase of consumption. The amount of investments is also increasing. But the labour market is becoming more demanding,causing possible shortage of labour force, especially in such areas like construction and IT. Poland is also palling to invest in social initiatives, which could stimulate the expenditures, but could also decrease the investment rates.
