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Despite the context of the current pandemic and the many restrictions associated with it, the Polish economy seems to be holding up well. According to Eurostat data, it was one of only two countries to record an increase in industrial production in September.
Industrial production in the euro zone fell by 6.8% compared to September 2019, and by 5.8% in the European Union as a whole.

The falls in production affected almost all EU economies – the largest falls in September were recorded in Ireland (-13.6%), Germany (-8.7%), France and the Netherlands (both 6.1%). Only Poland and Portugal ended September on a positive note, with an output growth of 3.3% and 2.5% respectively.

Moreover, the Chancellery of the Prime minister of Poland had the pleasure to announce yesterday (19th of November) that Poland was also leading the ranking of the increase in Industrial Production Growth in the EU compared to 2015 with 24,9%, followed by Cyprus (21,3%) and Slovenia (20,6%), followed then by Hungary, another central Europe country. . The largest fall in production was recorded by Germany (8,9), Luxembourg (6,1%) and Holland (2,9%).

Source : Eurostat.

Poland growth 2020 2015 evolution industrial

Pawel Morisson de la Bassetière

A specialist in business cycles and entrepreneurial and participatory economics, Paweł de la Bassetière is an alumnus of the University of Poznan and the Poznań University of Economics and Business. His work brings him to exchange in Polish, English, French, Portuguese, Italian and Russian almost daily. He heads the Blue Europe expert committee on Poland.