Economy of Poland

Economy of Poland after the fall of communism, Poland continued a process of economic liberalization in line with the western capitalist model of the 90s. This process was relatively successful, as the privatization of small and medium enterprises and the law for the creation of new firms has encouraged private sector development, the main engine of economic growth in Poland. However, the agricultural sector is weakened by several structural problems such as overwork, inefficient small farms and lack of investment. Moreover, restructuring and privatization of certain “sensitive” sectors such as coal production has been slow, although recent foreign investments in the energy and steel have introduced new technologies that provide an opportunity for the future of these sectors. Reforms in health systems, education, pensions and administration have raised the tax burden.The Polish government’s priorities are improving its financial deficit and monetary policy. The greatest progress in public finance depends mainly on privatization of other sectors of the state, reduction of public employment and changing the tax system to include farmers, most of whom do not pay taxes. The Polish economy is encunentra in high-growth period that includes all major sectors of the economy (ie services, industry, housing construction). According to forecasts from the National Bank of Poland, the increase in value of foreign investments, as well as consumption, are a major growth factor brutto domestic product (GDP).You can observe the large increase in exports but at the same time for the sake of domestic demand is growing rapidly, as well as the acceleration that accompanies import, export netto relationship to the level of overall growth since Q3 2006 remains negative. The rapid economic growth is accompanied by the growth in employment and logically fall in the level of unemployment. In Q3 2007, GDP grew by 5.8 more than the EU average (2.9 ). It indicates that the rate of annual change in private consumption was 5.1 , the rate of annual change in public consumption reached 1.0 . There was an increase in gross investment in capital goods 20.8 , as expected, this increase was lower than the Q1, which saw a growth of 26.2 .