“The European Union may have a new economic pillar developing in a strategically important country bordering Ukraine,” reads Bloomberg. It is our country. “The Polish economy opposes Putin's threats and is still growing” – writes Matthew A. Winkler, retired editor -in -chief of Bloomberg News.
Indicates that “something extraordinary happened in the Polish nation” and “Poland has become a power among 26 European Union countrieswith the fastest growing economy, the strongest currency of emerging markets and bonds of the highest value sold by 50 countries since Russia's invasion of Ukraine three years ago. “
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This is how the Polish economy is growing
According to data collected by Bloomberg, the Polish economy increased by 93 percent. from 2017, exceeding the growth of Great Britain by 58 percentage points “Although Poland has experienced one of the largest population declines in the EU since 2019, characterized by the aging of society and fewer women of childbearing age, Returning Poles disappointed with Brexit are much more wealthier than a decade agowhen they started working abroad as unskilled workers. Among the returning were specialists from the education sector, food production, healthcare and transport, “notes the editor -in -chief of Bloomberg News.
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Calculates: “No European economy has approached the 125 % increase in household consumption in Poland, which has occurred since the British voting for leaving the EU in 2016. “.
Matthew A. Winkler points out that Over the past 15 years, Poland has compensated for the historical difference in relation to European competitorsbecause GDP per capita increased by about 50 percent, while the same indicator for Great Britain remained unchanged.
Polish power. What about gold and shares?
“Poland's economic renaissance was not unnoticed by investors. The zloty is the best thriving currency among the 23 most frequently mentioned currencies in emerging marketsstrengthening by 14 percent Compared to the dollar since Russia's invasion of Ukraine on February 24, 2022, “we read.
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To this Poland stock marketfollowed by the Bloomberg index for large and medium -sized companies, This year increased by 49 percent. in dollar termswhich places him in 6th place among indexes for 46 main countries.
“Out of 459 companies included in the Bloomberg World Financial Index index, Five Polish banks and one insurer gained 36 percent this year, exceeding the world average of 23 percent. ” – we read.
