Poland president Andrejes Duda joins the ‘Morning’ with Maria at the World Economic Forum in Davos, Switzerland, which will affect the global economy for Trump’s presidency.
Nothing seems to be going to strength with the strength of Poland, despite being a part of the dull European UnionWhy are there many reasons and many aspects for illegal immigration such as the country’s outstanding defense spending and its conservative Donald Trump.
According to the country’s state office, at the end of last month, Poland’s economy increased by 2.9% last year. This performance transfers the single currency region of Europe, also known as eurosone, more than three times; It started only 0.7% in the same period.
The growth of Poland also surpassed the US, which increased by 2.5% in 12 months through December.
“Last year or two have seen a jump, and it is campaigning,” says Matusz Uban, a senior economist at Oxford Economics in Warsaw, Poland. “A European tiger is actually right at the door of Germany.”
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Consumers Warsaw, the capital of Poland, run by a shopping center on July 4, 2024. (Dominica Zarzka / Nurfoto Getty Image / Getty Image)
This is not a single incident. According to data from trading economics, by 2024, Poland’s economy increased to 11 times as 1986. This increases America to a great extent, which made its economy six times larger in the same period.
Urban says that after the collapse of the Soviet Union, a large part of Poland’s rapid growth is involved in unlocked human capital. During several decades of the USSR regime, the government made a lot of effort to educate people in mathematics, science and engineering, and the ongoing influence of those universities and schools is still highly appreciated.
“These types of institutions have long -lasting heritage,” said Urban. “After 1989, Poland inherited a fairly organized system that managed to produce a good number of experts in mechanical engineering and information technology.”
Focus on it Science, Technology, Engineering And Mathematics helped the country build an impressive technical sector, estimated that $ 32 billion, or 4.5% economy is estimated this year.
Polish activists are also “very hardworking, with high standards, and cheaper to work compared to people in the United Kingdom,” Elias Hadad, a senior market strategist in London’s brown brothers Hariman, told Fox Business.
Poland is benefiting from another factor, in December 2023, the European Union Donald Tusk is appointed as the Prime Minister. For him, the previous, Polish law and the Justice Party, led by Matusz Jakub Morveki, were approved by the European Commission (EC). Poland’s judiciary was not independent of the government.
“The party was not following some rules of the European Union,” says Hadad.
Poland’s white and red national flag and the European Union flag in Brandenburg. (Patrick plea / picture alliance Getty Image / Getty Image)
The result was that EC had done the European Union fund to help Poland. But now firmly on the hot seat with the tusk, the European Union money should be released, leading to another boost to the economy.
While the country is growing rapidly, it is also in the front line of NATO, the military alliance established after WWII, on the border of Ukraine. The country is expected to spend 4.7% of its GDP on defense this year, a larger percentage than any other NATO member, and also led the route in 2024.
“We know that Germany will not be able to save Poland,” urban says. “This is why the government is spending close to 5% of GDP.”
According to the World Bank, for decades, Germany failed to reach its NATO commitment to spend at least 2% GDP on defense. In 2024, it reached 2.1%.
While Poland has given positive reply Ukraine-Russia War During that time, it has also bear the burden of more than 7 million refugees from Ukraine.
“Since the war, we became an attractive place for immigration and refugees,” Marsin Clukznik, a senior advisor to the World Economy at the Polish Economic Institute, told Fox Business.
A man wears a “Make Poland Great Again” hat while participating in the independence march, with Warsaw, Poland celebrating the 106th anniversary of Poland while gaining independence on November 11, 2024. ,
However, that massive influx has discussed that Poland wants to attract his country, says Clukzenic. Last month, a candidate for the presidency of Poland, Rafael Trazscowski, stopped paying the so -called child profit subsidy to Ukrainian with children from the government, but who are not working officially. He has said that only those working and paying their taxes should get help from the state.
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Klucznik said that the country is conservative and cautious with its immigration policy.
“We are aware of some mistakes made by other European countries Germany, France and UK., And we want to avoid some of them, “he said.
In particular, they have failed to get many migrants to fully integrate in three large countries local culture.
