Poland leads war against Covid-19 in Europe - French daily
Catherine Chaitgnoux, deputy head of the foreign department of French financial daily Les Echos wrote that, for the first time in 30 years of uninterrupted growth, Poland will enter a recession, but good management of the crisis should reduce economic damage.
The newspaper article said that the Polish government was quick to react to the first signs of the pandemic by closing borders, schools and companies, and banning meetings. Chaitgnoux mentioned the situation in Great Britain, where during the same time period Prime Minister Boris Johnson assured his compatriots that they could even continue participating in sporting events.
Poland is in a much better economic condition than, among other countries, Greece, which also quickly introduced restrictions. Today, this allows Poland to better absorb the shock of the recession, the daily wrote, quoting forecasts by the European Commission, the World Bank and statements from Poland's Prime Minister Mateusz Morawiecki, announcing a lower recession than forecasted.
The daily points out that Poland is less dependent on the German automotive industry than its Czech or Slovak neighbours, which allows it to remain independent of the economic situation in Germany. The newspaper also says that the real estate market and the construction sector have not been put on hold by the pandemic in Poland.
"Important and well-targeted Government aid has also helped to alleviate the shock," the newspaper wrote, indicating that thanks to good solutions, government funds went to the bank accounts of entrepreneurs within a few days. "The prospect of Poland quickly benefiting from tens of billions of Euros from European stimulus funds allows the government to look calmly towards the future," the article in Les Echos concluded.