A little Polish economic miracle?

According to the German broadcaster, the main reason for the ‘positive’ situation in Poland is the country’s low dependence on its tourism and services sectors – which were among the most affected sectors during the pandemic. [Shutterstock/Andrii Spy_k]

Poland’s economy has recovered remarkably well despite being hit hard by the coronavirus pandemic and the country’s unemployment rate is currently the lowest in the EU, according to German television broadcaster ZDF.

According to the German broadcaster, the main reason for the “positive” situation in Poland is the country’s low dependence on its tourism and services sectors – which were among the most affected sectors during the pandemic. 

Instead, Poland focused on industrial production, which did not go through such a profound crisis. 

This is not the first time the German press spoke of a “little Polish economic miracle”. In February, the German press also highlighted “the resilience of the Polish economy – and above all the good prospects – in Europe are astonishing.” 

Leading economics newspaper Handlesblatt, for instance, wrote that no other EU country was going through the pandemic as easily as Poland, which “was the only EU country to survive the international crisis without a recession”.

According to Kai-Olaf Lang, head of the EU integration research group at the Foundation for Science and Politics, this development can be explained by several factors, including Poland’s “solid and broad-based industry that is supported by exports.” 

Poland has mainly focused on the production of durable consumer goods, such as furniture and consumer electronics, for which demand has increased during the pandemic. (Joanna Jakubowska | EURACTIV.pl)

Subscribe to our newsletters

Subscribe