Poland more resilient to pandemic than most EU economies

Paweł Supernak/PAP

Poland has one of the most pandemic-resilient economies in the EU, according to the National Bank of Poland.

The analysis by the National Bank would appear to correspond with that of other organisations saying that Poland may not be too badly affected the economic crisis caused by the pandemic.

"The Polish economy has proved to be more resilient to the shock caused by the coronavirus pandemic than could have been expected... and much more resilient than the economies of most EU states," Piotr Szpunar, the director of the bank's economic analyses department, told a video conference on Monday.

Szpunar said that last year Poland's economy had shrunk by 2.8 percent, while the drop in the euro zone had reached 6.8 percent.

Having admitted that recession had affected Germany's economy to a much smaller degree, Szpunar said it was very important from the Polish perspective, since Germany was Poland's biggest trade partner.