1887
.

Assessment and Recommendations

Since acceding to the European Union in 2004, Poland has become its fastest growing economy. Thanks to seven straight years of rapid economic growth, Poland has been catching up with income levels elsewhere in Europe. Since EU accession, the country’s per capita GDP has gone from 44 to 48% of EU average. Between 2006 and 2007, Poland grew at rates exceeding 6% and outshining most BRIICS countries. In 2009, in the midst of the recent economic crisis, Poland was the best economic performer in the OECD. Poland’s economic expansion will continue to be supported by interest rates. However, tight credit conditions remain an obstacle. EU-funded investments have been key in fuelling investment and growth. It is crucial that Poland seizes this opportunity to invest in its longterm growth potential.

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