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OECD Economic Surveys: Poland 2004

image of OECD Economic Surveys: Poland 2004

While Poland has undergone major change in the last decade, in this 2004 review of Poland’s economy, OECD finds that much needs to be done to facilitate convergence with the rest of Europe.  OECD proposes a comprehensive programme of reform covering an unsustainably large fiscal deficit, widespread unemployment, weak investment performance, and slow rural restructuring.  This edition’s special feature covers the labour market.

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Assessment and Recommendations

Poland’s accession to the European Union on 1st May 2004 marks a turning point in its economic and political history. It follows 15 years of profound change and accomplishment. More than 75 per cent of GDP is now produced in the private sector, the economy is well integrated with those of western European nations and inflation has been brought down to low levels. After an initial fall, output has been growing continuously for more than 10 years and, on average, Poles are much better off now than they were then. However, the striking drop in employment since 1998 is suggestive of serious remaining problems. To address ...

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