Poland: great opportunities from energy and automotive, inflation permitting
In the country, which became the fifth European economy with an average GDP of 4% in 2009-19, per capita income grew at a rate of 5.3%.
In the country, which became the fifth European economy with an average GDP of 4% in 2009-19, per capita income grew at a rate of 5.3%.
With consumer demand expected to rise, supply will struggle: businesses face rising commodities prices, lack of components and staff shortages.
In front of a declining population due to ageing and emigration, digital innovation becomes crucial to increasing productivity and living standards.
Bioenergy is playing a key role in Vilnius’ energy supply: about 75% of the heat is produced by burning woody biomass collected on the national territory.
The increase in tax burdens would fail to cover the promised reduction in the tax burden, causing more uncertainty and reduced investment.
Despite the employment rate among 15- to 64-year-olds at 75.2%, the country faces a shrinking workforce and regional disparities.
While private consumption accounts for 58% of GDP, Warsaw’s economic performance depends less on exports than its regional partners.
Unemployment has risen: consumption and investment face a higher level of uncertainty and a decline in capacity utilization induced by lower demand.
While the restrictions were similar to EU partners, the economic damage was much less: great opportunities from infrastructure, logistics and high-tech.
The 2020 recession is due to a fall in consumption representing 58% of GDP. The industry is expected to be driven by housing demand and major infrastructures.