Poland needs further reforms for economic growth

Poland needs further reforms for economic growth

According to the report released by the Organization for Economic Cooperation and Development (OECD), economic growth in Poland is expected to reach 4.5% in 2004 and 2005. However, further reforms are vital for this growth. Polish economics of production has been growing continuously for a long time, but high level of unemployment blocks the growth. Therefore, OECD stated in its report that Poland should raise productivity, improve employment and increase per capita income. Inflation is predicted to be 1.8% in 2004 and 2.4% in 2005. If Poland adopts the reforms specified in the report, the average OECD income levels could be achieved as early as 2030.