Polish Toledo

This blog is associated with www.polishtoledo.com

Thursday, May 17, 2007

Enigma of the Polish economy

According to the opinion poll published in Rzeczpospolita newspaper, last year over 370,000 Poles moved to other countries in search of work. 3.2 million people would like to seek jobs in other countries. But, that many people are not going to go abroad and among those who do not all will find and keep a job according to experts.

Many people declare their will to leave the country, but if they all really did, Poland would have an economic crisis. Still the Polish economy suffers vacancies and the Ministry of Economy estimates that due to emigration national income may be getting lower.

Another problem for Poland is that military personnel are not re enlisting. The average pay is more than $100 short of the national median income of $900 per month.

Unemployment still hovers around 14% but certain jobs are hard to fill and some prisons have started work release programs to provide needed manpower.

A huge drop off in the number of postulates plagues the Catholic church.

With all this - The Polish economy is expanding faster than its EU neighbors and the Polish stock market is seeing gains making other European exchanges envious.

This is the enigma of the Polish economy.

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