A Report from Poland on the Economy
A Report from Poland on the Economy

Summary/Abstract: Consider this optimistic quotation: In just 20 years, Poland has reversed 500 years of economic decline. It hopes to soon join the euro zone of single currency nations. Foreign investment is flowing and the Warsaw stock exchange continues to grow. The remake of Poland is a remarkable feat, considering this nation, pinned between Germany and Russia, has spent the better part of the past 200 years fighting invasions, near complete destruction and communism’s iron grip. On the other hand, the Polish Ministry of Economy summed up its 2013 report as follows: In 2008 and 2009, the global economic crisis exerted an unfavorable influence upon the economic situation in Poland. As a result, the economic activity in the country has dwindled, with the GDP growth rate dropping to 1.6 percent. The two subsequent years brought about an increased growth rate, reaching 3.9 percent and 4.5 percent in 2010 and 2011 respectively. In 2012, the Polish economy was hit by the second wave of the economic crisis, causing the growth rate to fall to 1.9 percent.

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