The German daily "Rheinische Post" notes Poland's economic success despite the global crisis related to the coronavirus pandemic. It points to record exports to Germany and low unemployment. "Poland is writing its unique post-communist success story even in times of pandemic," the newspaper writes.
The value of Polish exports to Germany at 58.1 billion euros in 2020 beat the previous year's record by one percent. "Thus, the country of the economic miracle became the world's fourth largest supplier to Germany and beat France for the first time. Only giants China and the US and the Netherlands with its strong oil and gas industry were better" - notes the "Rheinische Post".
Poland was and is an important stabilizer for the German economy during the coronacrisis, Lars Gutheil, who heads the Polish-German Chamber of Industry and Commerce in Warsaw, tells the newspaper.
The daily stresses that the third wave of the coronavirus pandemic hit Poland very hard, which could have manifested itself in a significant drop in the economy and trade, yet the opposite is true. "Even in times of pandemic, Poland continues its unique post-communist success story, as if the coronavirus from an economic point of view was just a runny nose" - writes the Rheinische Post.
One example is the "labor market miracle" with unemployment at 3.1 percent in January. Poland was the second country after Japan with the lowest unemployment among the 37 OECD countries.
"GDP in pandemic 2020 was admittedly slightly in the red for the first time since the global financial crisis. But just as then, Poland, which has tripled its GDP since the turn of the millennium, came through the crisis the best among EU countries," - writes the newspaper. A recession of 2.8 percent of GDP is nothing compared to the 8.3 percent decline in France. The German economy contracted by 5 percent.
Among the strengths of the Polish economy Gutheil mentions its fairly strong diversification and the large number of small and medium-sized enterprises. Decisive for the development and modernization of infrastructure were billions from EU funds, which "Poland uses as efficiently as no other member state. As the newspaper writes, in bad times it turned out to be an advantage that Poland does not belong to the euro zone; the weakening of the zloty against the euro made Polish imports cheaper during the pandemic.
The daily also quotes World Bank economist Marcin Piatkowski, who said that "Poland is the Robert Lewandowski of the global economy. Piatkowski also argues that in the east of the EU Poland, with its "exceptional competitiveness, has a historic chance to economically overtake the West."