: :inin Kyiv (EET)

Poland: the “Good Change”

“Poland is in ruins!” Anyone hearing this slogan in the summer of 2015 might have been excused for feeling somewhat surprised. The economy was booming, with GDP growth at 3.6% (up from 3.3% the year before), unemployment had fallen into single digits for the first time in years, and its Gini coefficient was declining. All of this with a budget deficit of 1.8% of GDP (Spain: 5.10%), and public debt stable at 43.3% of GDP (Spain: almost 100%). True, GDP PPP (purchasing power parity) per capita was still only $26,210 (Spain: $34,899; EU average: $35,385) – but when the country …read more

Source: CIDOB

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