Reuters and the New York Times report on the rate at which the Polish economy returns to its state before the coronavirus pandemic. Referring to the data presented by the president of the Polish Development Fund (PFR) Paweł Borys, global media point out that the Polish economy is recovering much faster than other countries.
Poland may return to pre-pandemic economic activity level in the first or second quarter of 2021, Reuters reports. “The largest economy in the eastern part of the European Union has suffered significantly from a pandemic and the finance ministry expects GDP to fall by around 4 percent in 2020, but economists expect Poland to recover faster than many other countries,” we read in the Reuters message. The massage was also reprinted in the New York Times. The head of PFR announced that it would take at least three to four quarters to return to the level of economic activity before the crisis, i.e. it would be possible in the first half of 2021. “The recession ended in the second quarter. We have economic recovery, end of recession and GDP growth of around 5 percent in the third quarter compared to the second,” Boris said at a press conference.