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The scale of rebound in (migrant-free – Ed) Polish industry is incredible and the services sector is soon to follow, said economist and market analyst Ignacy Morawski in a recent interview with Polish media outlet Gazeta.pl Next.
Morawski admitted that when he looked at some data on Poland’s economy, he was ‘pushed back into his chair. In the case of basically any piece of data, it is better than expected. Polish export is speeding along as it never had.’
He explained that he expected the rebound after the lockdown to be strong due to the scale of public support in developed countries. Nevertheless, the strength of the rebound in winter during the conditions of a gigantic epidemic wave was surprising.
Morawski added that while many companies had gone bankrupt due to the pandemic, many others are experiencing an El Dorado (the gold fields). He listed companies producing electronics, domestic appliances, furniture and parts to appliances.
‘We are an industrial hub for all of Europe, just like China is an industrial hub for the world. If owing to all the government financial shields people feel secure in the West and will not limit spending, and they will also move demand from services to appliances or furniture, then it so happens that Poland produces these things,’ he said.
‘I was pushed into his chair. In the case of basically any piece of data, it is better than expected. Polish export is speeding along as it never had.’
The economist also disagreed with the stereotypical statements that Poland is merely an ‘assembly room for washing machines’ and is stuck in the trap of medium development. He admitted, however, that without its own competence and capital, Poland will never reach the economic top on par with Germany’s level.
Morawski noted, however, that the current development model may be able to achieve all of these goals gradually.
He believed that Poland is on the right track to have its own large companies in the future which will be able to sell end-of-the-line products under Polish brands, although he says this well take a significant amount of time.
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