Polish economy will catch up with Germany's in 21 years, report shows

Hanna Godlewska-Majkowska, a professor at SGH, said that in 1990-2018 Poland was the economic growth leader in Central and Eastern Europe, with an annual average growth rate of 3.2 percent. Grzegorz Momot/PAP

If Poland maintains the economic growth rate it enjoyed in 1990-2018, it will catch up with Germany in 21 years' time, according to a report by the Warsaw School of Economics (SGH) presented at the 29th Economic Forum in Krynica, southern Poland, on Tuesday.

It will take Poland just 14 years to catch up with the average GDP-per-capita rate of the 15 "old" EU member states, the report also shows.

Hanna Godlewska-Majkowska, a professor at SGH, said that in 1990-2018 Poland was the economic growth leader in Central and Eastern Europe, with an annual average growth rate of 3.2 percent.

SGH experts added that in those years the Polish economic growth was three times higher than in the case of the "Old 15".

According to the report, in terms of GDP per capita, Poland caught up with Greece in 2015 and is set to overtake Portugal by the end of this year.

However, problems with the supply of labour may stall the Polish economy at some 75 percent of the Old 15's, Godlewska-Majkowska warned.