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    Poland’s economy to match UK’s in five years, says finance minister
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    Poland’s economy to match UK’s in five years, says finance minister

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    13 Comments

    3. MrJarre on

      While still very impressive and I never thought this will be possible in my lifetime., what matters is total GDP.

    5. CucumberWisdom on

      *says the *Polish* finance minister. Maybe if it was the UK minister saying this it would mean something but as it stands it’s just political posturing

    6. ComfortableNo4338 on

      I dislike correcting people but what some of you say doesn’t paint the whole picture.

      Here are the historical data and rough forecasts of IMF, regarding the metric the minister touches on.

      https://www.imf.org/external/datamapper/PPPPC@WEO/OEMDC/ADVEC/WEOWORLD

      Is UK standard of living stagnating? Yes, and Brexit doesn’t help.

      Is it the whole story? No, actually by the said metric (GDP per capita PPP – purchasing power parity), Poland is one of THE fastest improving developed economies in the entire world, definitely the fastest growth out of all big European countries, only rivalled by smaller nations like Lithuania or Czechia. Globally rivalled by top performers like South Korea (and in most cases outperforming them). It’s not only UK deteriorating but Poland improving exceptionally well.

      Is the only important metric the nominal GDP? Also no. Wages paid to workers? GDP PPP. Materials and devices sourced locally, used for eg. construction? GDP PPP. Private consumption (with the exception of small number of goods like electronics and cars)? GDP PPP. Where GDP nominal is king are mostly global weight of the economy and international investments and purchases. GDP nominal is by all means still important but it doesn’t paint the entire picture at all. Besides, polish GDP is still one of the biggest in the EU, in the coming decades possibly it will overtake the one of The Netherlands’, and rest steadily behind that of Spain’s (way bigger country).

      Sure you can call me Poland’s fun number one, but discarding the huge success story that Poland has become in the last couple of decades is simply pessimistic rather than grounded in reality.

      Learned something new? Please pass the news. Disagree? Let me know.

    7. Brave_Explorer5988 on

      Well, there’s also a surge of brits moving in Poland.

      Had one last year in my polish classes, she moved here to be.. a nanny.

      also, A LOT of italians..

    8. DzejSiDi on

      No, it won’t.

      >>I accept this challenge
      >catch up with the U.K. in price-adjusted GDP per capita

      …told you.

    10. olderlifter99 on

      “….price adjusted GDP per capita” only, or Purchasing power parity ( PPP) as its often called. Poland overtook Japan in this measure last year. Still good and congrats to Poland.