Although Poland and the other CEE countries have coped well with the current crisis, the pace of convergence is gradually slowing. The remedy can be found in “The Warsaw Consensus”- a complex growth model for the region, which can lead to a steady development.
The chances of Poland entering the euro area in the coming years are slim. The reasons for this are political and are connected with the constitutional provision that Narodowy Bank Polski has the exclusive right to issue money and implement monetary policy in Poland.
The labour market is really a bright spot of the Polish economy. Employment and wages are growing, unemployment is falling, and a number of indicators show that companies report increasing demand for employees. However, we still face significant lags in economic activity, in particular, among the elderly and women.
Sociologists dealing with Polish trade unions estimate they have between 1.5m - 2.4m members. This wide divergence underscores the lack of precise data on trade. What the surveys do clearly show is that 74% of respondents do not see unions having any positive impact the situation of employees.
An increasing number of Polish migrants in Ireland and Great Britain plan to stay abroad. The majority of them start families there or bring their families over. Meanwhile, Poles moving to the Netherlands and Germany put down shallower roots, often planning only temporary stays, as shown by the recent emigration surveys conducted by the Polish central bank.