Poland must be prepared for economic slowdown resulting from the global situation, but recession, at least for the time being, is not expected, the chief economist of the Polish Development Fund, Paweł Dobrowolski, said at the Economic Forum in Krynica.
The issue of wage levels and income inequality is becoming hot topic in discussions concerning the Polish economy. International comparisons indicate that average wages in Poland are higher than what would be expected on the basis of the GDP per capita levels.
The economists cooperating with the European Financial Congress predict that the period of boom in the Polish economy is already past its peak and that the rate of growth will drop from 4.5 per cent in 2018 to less than 3 per cent in 2021.
One of the key issues in the economic debate across the world, and in particular in the developed countries, is the inadequate funding of retirement pensions. However, the fact that this problem is much more serious in the case of women has been overlooked.
In May 2018, the level of the Leading Economic Indicator, informing of the future trends in the economy, has not changed significantly compared to April. It has increased by 0.3 points, and is 3.4 points below its recent local peak recorded in January.
Polish-Croatian economic cooperation is at a fairly good level, but it seems that the real momentum is not there yet. One thing distinguishes Poland from Croatia – the desire for success through the cooperation with the Western countries.