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Poland’s diversified economy has positioned it well against external shocks. For instance, during the pandemic in 2020, Poland's GDP contracted by merely 3.5%, a figure that is notably better than the OECD average of 5.5%, and considerably lower than that of the UK at nearly 10%. As consumer confidence surged, Poland resumed rapid GDP growth in the months following the pandemic.
However, while the current indicators present a rosy picture, the future of Poland's economic growth isn't without concerns.
Challenges Ahead
Two primary factors might hinder Poland's sustained economic progress: inflation and weak external demand.