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GDP growth in Poland, expected to overtake Portugal by 2019

Report Sgh at the Krynica Forum, 21 years old to reach Germany

03 September, 13:45
(ANSA) - KRYNICA ZDROJ, SEPTEMBER 3 - Average annual GDP growth rate in 1990-2018 in Poland was the highest in the group of eleven countries of Central and Eastern Europe and almost three times higher than in the 'old' EU-15 states and in 2019 it will probably exceed Portugal. This is what emerges from the report 'Central and Eastern Europe in the face of global trends: economy, society and businesses' carried out by the SGH School of Economics in Warsaw, the oldest university in the Polish sector, based on an elaboration of Eurostat data, EU Commission and Gus (Polish Statistical Office, ndr), presented at the opening of the 29th Krynica Economic Forum, the so-called Davos of Eastern Europe, with over 4,500 participants including politicians, business experts and managers.

Poland has closed the development gap in respect of GDP per capita as compared to Greece in 2015 . Assuming that the average growth tendencies will remain at the current level, Poland will need 14 years to achieve the average income per EU-15 citizen and 21 years to catch up with Germany.

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