Polish Finance Minister Magdalena Rzeczkowska has said that despite the pandemic and the war in Ukraine, which both caused the spike in inflation and problems with supply chains, the Polish economy is in very good shape.
According to her, Poland is one of the top countries in which foreign investors want to place their money, and the rating agencies have taken note, giving Poland high marks. Moreover, Poland’s currency, the zloty, is currently appreciating against both the U.S. dollar and the euro.
Inflation forecasts are now optimistic, with 12 percent inflation expected to fall to between 5 and 7 percent next year. Meanwhile, GDP growth is predicted to be 3 percent for 2024.
The government has also continuously touted its record on unemployment. The number of unemployed has actually fallen versus last year, and Poland has the second-lowest unemployment rate in the EU.
Rzeczkowska is convinced that Poland’s public debt is under control and is well within EU limits. She argues that both the EU and Polish methodology show that the country’s debt-to-GDP ratio is actually falling.