Central Europe as a Community of Shared Aspirations
President of the Republic of Poland
A new decade of the 20th century has just opened. A decade of uncertainty brought forth by the global pandemic and its consequences, but also a decade of hope. A decade of opportunities for the civilization’s and economy’s recovery, a chance to create a world that is better, more just, more green, and one that respects the principles of sustained development. As we look towards the future, we are looking for areas which will be the centers of dynamic and positive changes. I am certain that Central Europe will be one of them on the European and global scale.
Can Poland Redraw Europe's Economic Map?
When it comes to the global economy, growth is the only constant. Over the last century or more, the global economy has inflated much like a balloon, expanding almost uniformly with only minor warping of geographical patterns. The United States has long been the richest large country in the world, with Western Europe following close behind, East Asia a little farther back, and a few outlying settler colonies like Canada, Australia, and New Zealand keeping pace.
Five priorities for Poland
Before the pandemic, Poland’s economic performance was stellar: living standards were converging rapidly to the levels of the most advanced OECD countries, and the unemployment and poverty rates were at historically low levels, and well below the OECD average. As elsewhere, the COVID-19 crisis sharply disrupted the country’s development path. However, Poland has done well at limit-ing economic losses so far and we expect GDP to fall by 3.5% this year before rebounding by 2.9% in 2021 and 3.8% in 2022.
During the pandemic, when access to loans is even more difficult, promising businesses have a better chance at a stock exchange where investors take decisions based on a company’s potential and business model rather than its past as banks do.
Central Europe with potential of strong growth
CEO of Warsaw Stock Exchange (GPW)
Economies and capital markets from around the world start a new decade of the 20th century in the air of uncertainty caused by the coronavirus pandemic. However controversial this may sound, this uncertainty – fueled by subsequent unknowns like those regarding the virus mutations – proved beneficial for stock markets. It was the uncertainty factor that triggered movement on capital markets on a long-unseen level, with the Warsaw Stock Exchange (GPW) I run being a flagship example. In 2020, GPW has become the second stock exchange in Europe in terms of growth of liquidity.
About Polish Weekly
Polish Weekly (Tygodnik Polski) is the oldest Polish newspaper in Australia and New Zealand. Its founder was Father Edmund Konrad Trzeciak CM, who created the paper to help him in the pastoral and social work among Polish refugees. The priest was also the administrator, editor, printer and distributor of the newspaper.
That the Polish Weekly could appear for sixty five years is due to the hundreds of people involved with the newspaper - writers, the technical and administrative staff, but most of all its faithful readers.
Regardless of the situation in Poland, regardless of the changes taking place in the world and in our own backyard, deeply patriotic Polish Weekly has always been committed to the independence of Poland and to the Polish community in Australia, while at same time being involved in current affairs in Australia.
Magdalena Jaskulska - Editor
Wanda Drozdowski - Technical Editor
Jagoda Korczak - Head of Office
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