When communism collapsed, Poland was widely deemed “backward and provincial”, says Seekingalpha.com’s David Hunkar: “a millstone around Europe’s neck”.
Now, after “an almost non-stop boom”, it’s the EU’s sixth-largest economy, a frequently overlooked European success story.
Market reforms, over £100bn in EU aid and accession to the single market in 2004 are the key reasons why the economy expanded by 116% between 2003 and 2013. Poland was among the very few states to avoid recession in 2009.
It warded off the global crash, thanks to a large domestic market – 40 million people – a relatively well-regulated banking sector [...]
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