The coronavirus pandemic is not letting up and recession will be unavoidable, but despite the severe challenges ahead, there may be reasons to be optimistic in both Poland and broader global econonomy.
One data point that shows some positive signs is the Sentix index, which expresses the trust of investors in eurozone economies. It has doubled in June, compared to the result in May, and its figure concerning expectations towards the development of the economic situation has improved seven-fold.
In the United States, the unemployment rate has dropped from 20 to 13 percent, which could be pointing to a quicker recovery than many economists originally thought.
In Poland, companies are not as frightened of the coronavirus crisis as they were in April. Increasingly, fewer companies plan to reduce employment, and many are even planning investments, according to the KRD Economic Information Bureau.
Jadwiga Emilewicz, the Polish minister of development, stated that the government hopes to have the unemployment rate below 10 percent by the end of 2020.