A report by the International Monetary Fund shows that in the next 7-9 years, we have no chance to achieve the average economic growth rate for the EU. The Fund estimates that in 2019, the Polish GDP per capita, measured by the purchasing power parity, will reach 73 percent (currently 67 percent) of the EU average. – If we make up the distance at this pace, we will achieve our goal only around 2037 – comments expert of Employers of Poland Łukasz Kozłowski
However, we should remember that the IMF is cautious in its assessment of Poland’s perspectives and wary of risk factors – as are most international institutions. For this reason, it is more likely that we will achieve a good result in 2014 than that the GDP growth rate will be disappoint.
The IMF expects the growth potential of Polish economy to gradually decrease. This prognosis is based on solid premises – a.o. on the fact that workforce resources in Poland will be decreasing faster and faster for demographic reasons.
The IFM report should be treated as a warning. If we do not undertake structural economic reforms aimed at stimulating economic activity and creating conditions for the development of entrepreneurship, in the next 7-9 years we have no chance to match the average EU level of economic development.
Łukasz Kozłowski, expert of Employers of Poland