Is the Polish Economy Set to Overtake the UK Economy?
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- Опубликовано: 7 авг 2023
- A look at the forecasts that on current economic trends Polish GDP per capita (PPP) will overtake the UK economy by 2035. Why this is happening. Success of Poland, failure of UK economy. Also, will it really happen and what does it mean?
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Is the UK set for a Pre-election Recession? ruclips.net/video/_Pzr0F5oKTM/видео.html
Yes, Tory Britain equals austerity
dont think we are dooing good... pension system in here will collapse in next dacades. inflation is rising to f sky and like i was wishing to go abroad to escape this shit and finaly live in a first world country and pay... not only pay like in first world country but live like in 2nd or 3rd for some people... elder people cant already pay for thier medicaments. goverment is loundering money sending it from company to company in here its ,,SP Z OO,, or small but still hight few thousends magicly appear of politics accounts... it really feels like we live under zssr boot here but its only greed and stupidity left i think... we will see if next part will dig some connections if pis will leave eny traces... if they win this election this will be really bad hit for democracies in here... pis already have biggest tv and radio stations they have the prosecutor's office and the judiciary and even church support them... im really ashamed there is saying in here... to nie jest takie straszne ze zyjemy w gównie straszne jest to ze sie do tego przyzwyczajamy-It's not so scary that we live in shit, it's scary that we get used to it
shit means more like in poverty, living as not free people
post prl people still think its crime to judge govermen... russians can really brain wash people... sadly we was sold to them by our dear allies and left to rot...
The bank of England, Jeremy Hunt, and fishy rishi, are doing their best to get the UK into recession, it'll help the EU not look so bad.
I am Pole , and i hope that prediction will be real , but I have doubts that in 2030 Poles will earn as much as Brits , there is still a loot of time , and all willdepend if there will be change of goverment in this year election ,as PO/KO gov is lead by donald tusk a well known german kiss ass , and for years he is sabotage Polish economy as much he can , as germany dont want strong and rich Poland , germany want weak and obedient Poland with cheap labour force , so they need donald tusk in power in Poland , and if he would win election Polish people will never earn as much as Brits or germans .
No
Good for the Poles! After being abandoned by their 'allies' to the Nazis and then the Soviets, they can finally enjoy the same standard of living we do. It's great to see our friends and family doing well.
How was Poland abandoned by the UK given the British Empire was mortgaged to the US so that Britain could fight for western Poland?
@@j4cksincl4ir We did not honour our alliance with Poland. When the Nazis invaded in 1939 we declared war but made no actual attempt to stop the invasion. That was a tragic missed opportunity, as the troops Germany left to guard its western flank were weak reserve units. When Soviets refused to leave post-war we protested but again did nothing of any substance.
Britain and France declared war on Nazi Germany specifically because of their treaty commitment to Poand. I suggest you dust off a history book now and again.
@@j4cksincl4iron august 25th, 39 uk and Poland signed an agreement of Mutual assistance - so Yes.
Beside, Polish airmen from squadron 303 had most confirmed kills out of 66 RAF squadrons (uk government seized Polish gold as a payment for planes that they used in battle of Britan). And finally, non of the Polish veterans was invited to the Victory parade and after that Poland was traded to Stalin at the Yalta conference which resulted in almost 50 years of poverty under soviet rule.
But they collaborated so well with the nazis specially on killing those 6 million jews. No other country handed over so well their jewish community to the germans and right after the war made sure the few left did not feel welcomed and should leave.
And racism, intolerance and xenophobia are currently still really high
Polish people are hard working people. Majority are very honourable in my experience, once they know you they will treat you in the context you merit.
Honor is an important quality, it means a lot to us.
Thank You ally and I know why You couldn't change fate of II WW. Honestly speaking GB and Poland were defeated in that war. about post-war order decided Roosevelt and Stalin and Roosevelt sold all middle Europe to Soviets. Both geopolitically and mentally we stay allies and despite a lot gaps we have got the same priority it means peace prosperity free trade and exchange, individual freedom human
There are no SPECIAL people - - - no all brits are gentlements - -
Such a qualified statement! 😂
@@robertpietrzak68 The allies did sell out Poland during the revolt against Nazi's. Primarily as the uprising was seen as a communist one.
Good on Poland, I worked alot with poles and they are hardworking people that deserve praise
Hard working you say ? ---- that's were the problem is in modern times -- we forgot that work is not being in vacation and as far as
pretending to work hard thats a fallacy
@@rob5197 There is no metrics for measuring mentality in regards of willingness to work hard but that's exactly what makes them different.
@@rob5197get Lost
rubbish. it has nothing to do with that. it's about leadership. the tories have destroyed the uk with austerity, breixt, a lack of vision and strategy, and corruption.
Everyone is hardworking. Not everyone knows how to earn though.
The irony of UK not wanting the poles to come and take their jobs, but now it looks like brits have to go to Poland! 😂
Maybe not right now, but for 15 years? Who knows.
@@jajajejehjune4301 Not right because of the language barrier. Step one: speak an internationally understandable way, that means you would need to learn the RP language on top of your dialect. Step two: learn Polish.
Plenty of UK based Poles now moving their business or skills (as doctors, engineers, electricians etc) back to Poland. Far easier to operate a business within the EU, great potential for growth and a hard working ambitious population hungry for training and learning. If free movement still existed I'm sure there would be plenty of Brits moving to Poland seeking new opportunities. UK isn't a complete disaster yet but worst OECD inflation, stagnant wages, poor productivity and shambolic public services compared to just a few years ago - it's not going well.
@@greycliffnative Indeed. People forget what an advantage speaking the International Language is. When talking about GDP, people often forget the other side of the equation - what you have to buy. One of the costs of not speaking English is spending time, effort and money learning a language (it takes years to become proficient enough to work using a foreign language). Having said that, I think we could make more of that advantage.
@@jajajejehjune4301 Buddy there are some companies in Poland that hire Brits , Americans western Europeans and pay them well like CDPR .
Being Polish, I wish both countries prosperity and great relations! :)
Well said
THANK YOU!!
Ale Pan wie, że te prognozy to ekstrapolacja bardzo krótkiej historii?
@@PanJapa12321 Zdaje sobie sprawę. Dodatkowo w UK jest teraz kryzys. Chodzi mi o to, że nic nie stoi na przeszkodzie, by oba państwa miały się dobrze. Z UK nie mamy historycznych zatargów jak z bliskimi sąsiadami, dlatego powinna być współpraca.
@@fiaskolo
Mamy zatargi obiecanek bez pokrycia.
Podobnie jak ustalanie granic po 1wś było głównie wbrew Anglii.
Probably will to be honest. Poland is already a much safer and cleaner country than the UK, lower cost of living too.
WHAT IS MORE INTERESTING [to me] is the "Quality of life index - Europe". No 1 Switzerland with about 285 points.
No 15 in Europe is the UK with 163 points. Bulgaria [poorest country in the EU] is at 138 points. More interesting the UK is dropping and Bulgaria is climbing - in 2028 Bulgaria will overtake the UK for quality of life.
I live in Bulgaria and there is no way I would move back to the UK - my quality of life would plummet. People here are happy optimistic people, tomorrow WILL be better than today, and today is pretty good.
@@piccalillipit9211assuming U.K. continues to decline and Bulgaria continues to grow which is very unlikely with Bulgarias massive demographic problem and dependence on Russia
Polands cost of living is still high for people on polish wages
@@Alex-fm5ke And what exactly is Bulgaria dependent on Russia for? [this is going to be good]
"Massive demographic problem" well it only has 7 million people so by definition it can only ba a small demographic problem and its pretty much sorting itself out - all those kids who went to he UK for jobs in the 2000's and 2010's - they are coming home now and having lots of babies.
"assuming U.K. continues to decline". Yeah we all know that is an assumption we can rely on.
@@Alex-fm5ke "Polands cost of living is still high for people on polish wages" well no they are not - not in the way a British person would think of it. A family can afford to live happily on 1.5 X salary as can people in Bulgaria.
If history taught me anything it's that one should never underestimate polish people. They did discover some great inventions. Even recently, during WW2, despite total destruction of their country they still had giga impact on the outcome of the war. Now they are completely free after over 200years of struggling. I bet we will see now what they are made of.
to dzięki historii tacy jestesmy, dziekuje bardzo
@@pawesokolowski606 Ja bym raczej powiedział, że to nasz Duch Narodowy, a ostatnie 200 lat właśnie eksterminowało wyżyny naszej inteligencji niż je rozwijało...
thanks @Patorc1 for your words, and I hope so too!
Thanks, and stay tuned. We are just rebuilding our elites after the last 3 centuries. If EU leader won’t impose stupidity on us or cut off the trade, and Russian won’t attack, we will be developing.
Last 200 years only showed incompetency of our nation unfortunately. Now we are doing pretty well only because Western Europe helped with our development. But still we are making stupid mistakes like for example voting for far-right autocratic party.
Let see ..Germany and Russia always very JEALOUS and they not used to it that we can do much better but we do unless world war 3.
HOPEFULLY ❤ IF THERE IS A COUNTRY IN EUROPE THAT DESERVES PROSPERITY, IT IS POLAND 🇵🇱
BEST WISHES TO THEM, FROM THE UK 🇬🇧
Thanks a lot you great.
There is this smart saying: Hard times create strong people, strong people create good times, good times create weak people, and weak people create hard times.
I wish prosperity and wealth to both Poland and UK countries.
I feel like this saying is such an oversimplification that it's not worth much. I was born after communism in Poland, so in the good times, I have my job and I try to do it well, blaming me for any future stumbles Poland might encounter feels arbitrary, especially when the hard times here have created a lot of scammers and corruption. I remember when I was young you couldn't safely post anything by mail in Poland, because it would get stolen.
@@Harsh-mg2em Well... it depends on the experience. My post in Britain was stolen several times, while never it happened in Poland.
Dobrze powiedziane👍🤌
Bardzo dobrze powiedziano zdrowia
Swieta prawda ..Oby tylko totalna opozycja PO z Donald Tusk nie dostała się do władzy .Bo nas sprzedadzą jak to zrobili wcześniej .
Im a British/Polish dual citizen. I haven't lived in the UK for years but I'm moving to Poland next month on a permanent basis. Definitely a better place to be right now in my opinion!
Welcome 🙂
Only if you completely cut yourself off from the politics
Depending on which sector you will be working in. Imo
Welcome!
I've done the same, I'm getting tired reading articles who got stabbed today.
This is down to a few factors. The freedom from the USSR/Iron Curtain. The ability and work rate of the Polish people. The opportunities from being in the EU. Now Poland is becoming an excellent market. Pity that we are no longer in the Single Market.
Yeah, 17.4 million voters thought that being poorer would somehow improve Their lives. The reality of their self proclaimed sagacity is proving to be somewhat different.
@@paulsaunders6536 17.4 million misinformed voters.
British immigrants looking for jobs in future Poland!
Karma 🎉
@@inesdamonteines3985 What benefits would i be entitled too?
@@leet3207 none like most Polish workers who worked in UK and do not get any benefits ;)
Poland is such an awesome country, been there many times and every time I'm so impressed by how clean it is, also passing through driving to the Baltics just such an amazing roads...
They are hardworking and genuine people. Not cunning, ignorant and miserable - words that I would describe the people of the country they set to overtake.
🤝
wooooow thats an overstatement there. Jesus , i'm a brit and are you calling me what you said above?? No government truly represents a population so lets not have anymore of this UK shaming that your promoting. Polish people wouldn't have jobs if it weren't for other country around the world letting them and other European country's in theirs. watch what you say next time
Poland uses “Zloty”, not “Euros”.
I came to the UK at age of 15, over this time I've seen UK economy crippling down and it's really sad. However, I'm happy for my mother country, it gives me hope to maybe come back one day. I love the UK, I love the freedom it gives me to express who I want to be, the freedom of religion, sexuality...at the same time, I miss the beauty of Poland, it's nature, the celebrations and solidarity of people when shit hits the fan. Either way I'm praying for both countries and the rest of the world ❤
I lived in Poland for four years, and I can tell you they are hungry for success. While the United Kingdom languishes in Brexit and self-pity, Poland is poised for economic success. I’d go so far as to say Poland’s economy will outstrip the UK’s economy well before 2035.
The UK’s economy is on a death spiral 🤷♂️.
I generally steer clear of hyperbole, but those who proposed, pushed and executed Brexit should be convicted of economic treason.
Brexit is the measure of English and Welsh people who voted out. Live with it.
Yes, I agree. In today's world it's pretty difficult to be successful economically as a country if you are not part of some strong union, alliance. The problem is European countries are plagued by nationalism, just as many other countries, a nationalism that has transformed into xenophobia.
Guve is thsaaaaa chance ,, jus6 d9 thatv
drugs abuse plays a big part.... and other sfuff but... dont want this commen to be wiped...
@@octopus_news time will tell!
As a Pole I am crossing my fingers for my British friends to turn it around. I lived in the UK for over 15 years.
Europe needs strong Great Britain.
@@Buckets1000 yep, cause taxes from google Amazon and Apple and couple others US corpirations that are place there. Withouth them economy would looks like in Bulgaria
@@Buckets1000Average earnings in Ireland are similar to the UK. Irish GDP per capita is so high because so many multinationals are domiciled in Ireland. All Apple smartphones sold in Europe count towards Irish GDP. It is absolutely ridiculous.
A strong UK will only come about after hard times. The UK needs to sort its shit out.
@michaelkelly5898 Look at Irish HDI. Ireland has an issue where cities/big companies earn more than everyone else because of the tax loopholes. Localised propersity isn't seeing money trickle down into the rest of Ireland. Ireland seems richer but the population doesn't directly benefit from it.
@@sejdorfo why are you using Bulgaria as a pejorative, the living standard is much better here than anything you can get in the UK 😂
What most Brits don't know is that it was 3 Polish mathematicians who broke down the German coding machine Enigma and cracked the code first in December 1932 and then (after Germans invaded Poland on 01/09/1939) they handed it over to their British ally
Credit is also due to the French agents, who bribed a German officer and got one. Not knowing what to do, they passed it onto Polish services.
The three mathematicians in question spike good German, so they were born to break it.
Also it was polish priest who invented first bulletproof (at that time) chest.
I mieliśmy dywizjon 303 🇵🇱💪
They don’t know many things…
Thanks for this information. I was aware of Polish pilots playing a useful role and that is fairly common knowledge. It is bit more complicated than you've made out though, the earlier codes were much simpler than the war time codes and wouldn't have been broken without Turin and his machine, certainly not fast enough to make the information useful generally. The Polish should be given some credit though. The UK also suffers from this every time the USA makes a war movie so we feel your irritation 😊
It's mostly for one reason: Poland has a lot of economical potential that was held by by far-left communists for 50 years. Poland is a big country, almost 40 million inhabitants (fifth biggest in EU after Germany, France, Italy and Spain). Now we're just catching up on what our "normal" level should be if not for the communism.
Zawisza😊
Spain is bigger, mate!! Spain has 48 million inhabitants.
@@Espana-os7gz I know. By mistake I wrote "France" twice.
If not for the communism??? The Soviet Union lost 600,000 soldiers plus 2 million wounded in order to free the Polish people from the nazis. Poland got huge German territories as a gift from the Soviet Union. Poland got cheap gas and petrol from the Soviet Union. Poland would be nothing without the Soviet Union.
UK had its own colonial empire and 65 mln ppl while Poland was a colony for 200 years
Great! Well deserved. Very hard working and efficient people.
Poland is not eastern european. You have to remember that to the east Europe is separated from Asia by the watershed of the Ural Mountains. That makes Poland central european.
Poland is god knows what, it’s neither central or eastern. Culturally it’s western Slavic so definetly closer to the center.
@@mrpiszczaka8249 Culture have nothing to do with geography but if would... then its eastern-most slavic country what would mean that its on middle of whatever non-slavic version east have. Meaning Central
And where is the geographical center of Europe if not in central Poland - Ech ignoranci - Poland is exactly in the center of Europe in many other respects
it is right in the middle to be honest. This eastern europe thing is a label of the west to keep polish wages low
@@jpalm2317 I would say it's more of a refusal to accept that Russia is part of Europe
After listening intently to the presentation, and looking closely at the analysis and charts so presented, and after careful consideration, I've arrived at the inescapable conclusion that Brexit was a really dumb idea!
@@Dnpe-zr5rp You are correct. I should have added a smiley face. On the viewpoint, the conclusion is consistent with the evidence.
The uk economy had crap growth without brexit. But if it helps you dunk on “gammons” then believe what you like.
@@Lighthawk1986 Yes, growth was bad before. Brexit has just added to the problems.
@@Lighthawk1986
Yes we had rubbish growth and Brexit has and will make it so much worse. You dunked yourselves and we’ll never, ever tire of pointing it out to you.
The rest of the world think we’re the global village idiots and are taking full advantage of that idiocy.
You
Staying in liberal leftist EU novadays kinda sucks too.
It is hardly surprising that the UK is sliding down the GDP scale is it? The current government are determined to destroy small business, they are seen as interlopers, standing in the way of their nemesis - big corporate business! The amount of useless extra work being constantly dropped onto small business’s to distract them from the job of winning new business, while
Big business picks up what they can from struggling small business is sickening! The level of corruption in Parliament has reached a new high!
I ran a small Convenience Store but Tesco opened down the road and I had to close (my prices were cheaper but 'every little helps' fooled the locals.)
So I went to set up a Solar Farm but it would be unprofitable without FITs unless I owned my own energy company.
So I went to buy a house to rent but it would be unprofitable because of new regulations and those corporate University towers.
So I went to the Job Centre but I cannot live off the pittance they give me. Bankrupt Britain.
Maybe you shouldn’t have left that trade deal that made everything more affordable and your country’s economy more accessible?
@@mysteryuser7062 Odd? Since we did vote to leave the odious deal you mention, the UK economy's actually been the FASTEST growing of the four 'big' states in Europe.
@@squirepraggerstope3591 The Pound has also been unstable, cost of living is significantly higher, and the population is still rapidly aging with few children. These are symptoms of fast growth? That doesn’t sound correct
@joso7228 So why would you want to be part of Europe if you oppose globalisation and big companies? You need to get your priorities right. Big contradictions in your philosophy.
Poland is into software industry (including AI, gaming, IoT), white good (dishwasher, fridges, heat pump), food processing, car/train industry (Fiat/PESA/VW/MIchelin), various light manufacturing (cosmetic, packaging, furniture, rubber related good, paper), logistic, and even finance/Neobank.....I am impressed to see so many companies when driving through Polish towns......and so sad to see so many companies running away from western EUrope
Arrogance, laziness, lack of education, no effort, no will, constant moaning and complaining don't go hand in hand with freedom, prosperity, happiness, joy, security and good life. Poland fully deserves the success it's achieving now. We've been working hard, learning fast, tolerated the insults tossed at us. God has listened to our prayers and is rewarding us for it all now.
@@Matt-rw9py Well said.
UK really needs to sort out and then reinvent itself in the current reality, because things are going in a really weird way.
nothing can happen because the councils are a woke mafia. they have to be disbanded first.
Real fast
@@Denstar2002 the councils are in the way of economic growth, with their de-growth platform ?
We have no culture or identity outside war and conflict.
We see the world only in terms of subordination and domination .
We gonna go all Hitlery then disappear I imagine.
Looking in from Ireland I find it hard to believe my eyes at what has and is happening to my neighbours.
Brexit was a huge mistake and will not be easily reversed. The EU won't let the UK back in anytime soon. There will have to be a complete change of mindset of the vast majority of voters in the UK.
This could take three decades. Before the UK can even start talks about joining it will take three to four election cycles to get enough of the public on board.
I admire the Polish determination to get things done. Polish workers are very popular in Denmark. I hope the “rule of law” issue Will be Solved so the disputes with EU ends. I am sure that they will overtake the UK very soon.
Don´t be.
Problem is that currently these right wing parties are popular in Poland and we have a lot of religious conservatives that vote for them. We have election in about two months, so according to some pools, our current right wing party is going to get 30%+ votes, so support for it dropped from 40%+, but what is even worse, our far right party might get 15% of votes. I don't like it, because atmosphere here changed to hostile in last decade. Public services and infrastructure are deteriorating. They create messy law and they use their blatant propaganda in state media and in education.
They put their propaganda into school books, where they comment on recent political events and praise the ruling party, while always blaming opposition. They want to convert us into some theocratic autocracy. I don't want to hear that women are inferior and can't decide about abortion, that POC are worse, that transexuals are not people, that democracy is bad. I don't want to see how they defend pedophilia in church. I don't want to hear that I don't have worker laws and that unions are useless. I don't want to hear that coal and pollution are good. I don't like to hear that public transport is useless and everyone should use car. I would like some rationality and tolerance in politics, because I'm tired with current situation.
Poland can become great country to live, but it requires massive cultural shift. People have to become more open here and caring about others. I currently work in company with Swedish culture, which is relaxed and humane and it's superior to Polish culture, which is based on abuse and fear. I also heard about work culture from my father that works in UK, so he says that he lives there on easy mode in comparison to Poland, because state there actually supports you and wants you to succeed, but in Poland they're against you. I wish that our society will become more cooperative some day.
"Rule of law"- arbitrary slogan; it is utilized to punish Poland.
@@marcinjpopowski6843 Actually not - to avoid a destiny like Russia and Hungary. A free Press and Independent judges are part a keeping “checks and balances”.
@@bjrnhjjakobsen2174 my German friend one told me - we like democracy onlyif its done the way we want it :-) Its not about the rule of law at all its about German and French influence on Poland. If it was completely tyrannical but according to german standards there would be no problem at all.
Poland's success is explained by the fact that in order to survive hundreds of years between the most virulent and bloodthirsty tyrannies in history and then recreate their country, they need to be even more efficient and better .... badass.
That's true
Quite a few years ago a German business man came to the UK and gave his opinion of the situation here. "The British are an ignorant, uneducated, lumpen proletariat". I don't know if that applies today. But, we still have the same establishment clique running the country.
That's very true, the Irish experienced a similar past as the Poles and they now have GDP per capita figure way above that of their old oppressor.
The same applies to Finland.
@@bbcisrubbish Very true!.
Poland should be proud of its achievements, especially when they haven’t received any help from the European Union after the pandemic just because they didn’t allow human trafficking. It is good to see that they are doing well. Poles deserve better because they worked hard for all of it.
Poles have taken so much money from Germany and uk. That’s the only reason why you guys have development
yes sure, you don't know history how much Germany stole from Poland.@@mcdia8288
@@mcdia8288look at Poland's growth before 2004, that is before the accession to the EU.
That growth was still higher than "1."%"
Greetings from Poland 🙂 thank You for the nice comments guys ❤
OK... I can make a comparison, because I experienced two ethnicities and their economic environment. 1) Poles do not take everything easy. 2) Poles are more individuals but have a huge skill to rebuild and sense of criticism to improve their organisations. 3) Poles, if educated, do not isolate... and they value to be educated. 4) Poles just learn, as they do not have things given from god, colonies, royalty or taken for granted. 5) Poles are interested in other cultures but they insist others to learn their language, have capability and tools to participate in the society if you want to live between Poles, as they do not like ghettos. 6) Poles seem to be more straightforward and assertive but they also understand the difference between words and deeds. Enjoy studying Poland if you want to be more successful than you are or better than they are in their activities. There is no shame in competing with the most competitive country in Europe that did not let to impose foreign rules on them despite of the terrible power of stupidity of their militarism. However, if you want to compete you need to learn who is your competitor.
👏
*WHAT IS MORE INTERESTING* is the "Quality of life index - Europe". No 1 Switzerland with about 285 points.
No 15 in Europe is the UK with 163 points. Bulgaria [poorest country in the EU] is at 138 points. More interesting the UK is dropping and Bulgaria is climbing - in 2028 Bulgaria will overtake the UK for quality of life.
I live in Bulgaria and there is no way I would move back to the UK - my quality of life would plummet. People here are happy optimistic people, tomorrow WILL be better than today, and today is pretty good.
Presumably you are an expat in the UK, therefore your quality of life will be quite different to the average Bulgarian.
While living in London, every time I called the cleaning service... a bulgarian lady showed up.
But you are right about uk standard of living plumetting... I left uk for Dubai and am extremely happy now.
@@kth6736 - Yeah but when was that...? My point is they are now returning home cos they can have a better quality of life in Bulgaria now.
When I moved here in 2009/10 the average wage was 400 leva a month - its now 2,000 leva a month.
@@piccalillipit9211 As a Bulgarian born in the UK, I've heard all the pessimistic talk about the corruption, communism and stagnation of Bulgaria from my parents but when I visited it this summer I thought I had moved to another first world country. It's astonishing the amount of growth that the Eastern Bloc is able to achieve when trading in the single market, granted we are receiving tons of EU funding for many infrastructure programmes alas I believe it's aiding our logistical sector massively and prepared us for Schengen accession.
Cost of living in Bulgaria is the lowest in the EU and quality of life as you said is exponentially on the rise as are the real wages when taking into account not only the GDP PPP ($32000) but the attractive house prices and other assets combining it with a flat 10% tax rate is the ideal destination for ventures and retirement.
If we are to take the current economic projections of doubling it's GDP by 2030 and wage growth it will undoubtedly become one of the most attractive countries to live and many foreigners will consider migrating, surpassing even western living standards such as the UK like you mentioned above, and I'm not even taking into account the food, cultural, social and political benefits you get in the country which are a mess in the West
@@piccalillipit9211lol
The UK economy has been mismanaged for nearly 13 years, the focus has been on short term thinking and increasing inequality whilst dividing communities. Why get people to work when you can make them dependent on handouts and thus, continue to vote for the party that will promise to tax the middle class to pay for the poor to sit at home
The rot set in with Gordon Brown when he was chancellor. Downhill ever since
13 years? Maybe if your talking about London, but if your talking about outside of the South East the UK Economy has been poorly managed since the 80s.
@@Jac486 Well that is the truth, The Tories sold out manufacturing and made everyone a waiter, plumber, teleassistance, and takeaway staff! The schooling was poor, and it's embarrassing they made people addicted to benefits! Many people were just surviving on the backs of the very very few who were actually making money. It's telling the burden of tax increases has fallen on PAYE, because they are trapped, whereas the rich (inc Sunak family) have had loopholes opened up for them.
@@harlyslamm2888Yes and labour did almost nothing to help either. Mass immigration was great for suppressing the wages of the poors. The future of the country isn’t a football game where you cheer on your team.
@@Lighthawk1986 I've only ever voted Tory
I'm crossing my fingers for Poland's and UK's growth however the current growth rate of the Polish economy is unsustainable, mainly due to the problems with demography (lately fixed up with Ukrainian migration). There are social programs to encourage young people to have more kids but with mixed results. Greetings from PL :)
The main accomplishment of those social programs is that they keep mums out of the job market. Those benefits are not balanced and are less helpful for city based families. With higher cost of living those will cover only small amount of expenses (which is always welcome), but having more that a single child is a greater commitment compared to the countryside.
@@pony999 yep, I agree with this statement
Poland is projected to see it's population fall from 40 million today to just 26 million by the end of the century.
@@pony999 urban centers were always population sinks, Poland needs better public transport so people can move out of the cities, where housing is cheaper and commute to their jobs
Most Western and developing countries have this population problem. The big issue is demographic aging in these countries because worldwide the population is set to increase, so it's a local problem, not an international one. There are ways to combat this. For example, my country, Romania, also has this problem because in the past 20 years many young people have immigrated to Western Europe. But what I see now are 2 things: 1. we have had an influx of immigrants from underdeveloped countries such as China or the Philippines in the past aprox. 5 years coming here to fill the work labor gaps; 2. some retired people have started working either because they need the money or because they are bored. Some countries have even legalized assisted euthanasia so in the future many older people will decide to die if they become to ill to survive/ be productive, I guaranty this.
These issues will sort themselves out, believe me. The population worldwide is growing and migration will solve the population problem in these countries. Just imagine that 120 years ago the population worldwide was around 1 billion and now it's around 7 billion and growing. There is not enough space on this planet for us, but we keep complaining about there not being enough of us.
I saw many economics related videos over the years, this was the best by far, well done
I remember when the Brits wanted Brexit to keep the Polish people OUT of the UK. Soon they will be going to Poland for a job. 😝
And they are welcome to come. Scottish people have been in Poland for 600 years, Krakow used to have a Jewish quarter and right beside it a Scottish quarter
@@RickysWisdom Well... Scotland want to re-join EU and leave UK... Poland can make Polish-Scottish Commonwealth. We will make hussars with kilts.
Poland has accepted (and still does) many emigrants, this improves our GDP we also took in millions of war refugees from Ukraine. - we don't want emigrants who have been accepted by other EU countries - most of them are freeloaders who just want to take social benefits. Poles owe their success to themselves. Poles often complain and say, "it can't get any worse" - it's a form of self-consolation (it helps). professionalism, determination and diligence are the main advantages of Poles and that is why we are moving forward
And you should say that you are very humble as well😅😅😅😅😅
Problem of Poland is that its dependable on Germany and its growing only because Germans are one of most richest countries on the world. In order to break free and try to beat Germany and become powerhouse by yourself Poland would need buisnesses that are owned by Polish people what basically dont exist at this moment - Żabka, Biedronka... and even Orlen sold exclusive rights to Arabs. Privatization was a good choice in the past... but now its time to adapt once again and change buisness patterns or growth will stop. Germans will not allow Poles to easily get richer without saying YOU CANT whenever they can.
@@JesiAshPoland survives off western wealth
@@JesiAsh You're exactly tight. When Poland has its own BMW, VW, Henkel, etc. then we're talking.
Poland is developing very fast, something is being built in every city and town, many new roads are under construction or planned, including the Via Carpathia road route, as well as huge railway projects that are part of the Central Communication Port in Baranów near Warsaw, there is also a new Rail Baltica railway line is under construction, which will connect Warsaw with the capitals of the Baltic states, there are more and more skyscrapers in Warsaw, Warsaw already has a lot of skyscrapers that meet European standards, several new skyscrapers are currently under construction, The Bridge, Upper One, Skyliner II and Towarowa 22 and there are about 10 new plans in advanced plans and some of them already have a building permit, if this continues, maybe in some time Warsaw will take over the role of Frankfurt am Main as the main business center in Central and Eastern Europe
Thanks for this interesting content. I’d very grateful and also curious to understand what drives productivity and possibly an analysis of UK historical data compared to other countries. If you decide to make this sort of content.
the EU has preformed dreadfully against the USA over the last 20 years. It is a failed organisation drowning in bureaucracy and taxes. That's why the people of the USA get 50% higher salaries than the EU and pay much lower taxes. It is also why most Countries in the EU are voting for the Right and common sense because the Left has failed. The Euro will come unstuck because of the enormous debts EU Countries have especially now that Germany is struggling.
Selling our houses to each other and money laundering from what I can tell
Good content. I enjoyed your directness, no padding if content, the graphs helped massively too. Im gonna follow
Very informative with good, reliable sources. Thank you.
Correction:
Poland has not received any EU funds (most graphs show what was budgeted for 2021-22) for the last two years due to being sanctioned, which makes Poland a net payer to the EU. Also, Poland has been refused the COVID recovery funds (loans taken by the EU), which Poland is entitled to and, which Poland is paying the interests for. Recently, when the dispute between Poland and the EU was getting close to be resolved, it turned out that the EU has run out of the loaned funds, and Poland would not get it anyway. 🙃
And that shows how weak Polish government is. They should say no money no interest.
@@nieczerwony - Dlatego głosujemy na Konfederację!
The struggle of polish government when arguing with EU elites is senseless. Instead of arguing Poles should take over and become leaders. And start making their own rules.
"EU elites"?, ok 🙃 @@renemagritte8237
@@renemagritte8237 - *_Dlatego głosujemy na Konfederację!_*
Growth is easier when productivity gap is present. The closer Poland gets to level of German productivity, the harder it gets to make next step. So historic data may be great, but rising above 60k could be much harder.
@@basilmagnanimous7011 Don't underestimate human drive to innovations.
I'm Polish and I agree. Closing the gap is not that easy. Catching up while still far behind is easier. I guess we'll see in the near future but Poland has its own problems too. A major one is its demographics, unless all the UK population comes over and works with us in Poland this time :-)
@@slowkr4v890Just look at Korea. Can Poland develop its own Samsung, LG, Kia or Hyundai? If not they will never catch up.
1. Poland has both lower taxes than the UK and remains inside the EU.
2. When Poland catches up with France and the UK then their economy may slow down.
3, The UK government refuse to invest in the Midlands and the North Of England, causing a "London centric economy."
Uk and France live in 80s Thatcherism and reganomics so Poland will rise above these declining economies
Great video!
Thanks for clear and easy to understand info
Been in Poland once, suprised me a lot. Didnt expect to se such a cool country.
Big Man 👌👍
Wow, what an incredible amount of information distilled into 10 minutes, thanks
Greetings from Poland 😊
Well done on almost doubling your subs over the last few months.
Very good video relying on facts. Thank you. The part about narrowing the income gap between nations as an opportunity should be taught more often.
Poland's per capita GDP PPP will not exceed that of the UK. The growth rate of Poland's per capita GDP purchasing power parity has dropped to about 3% in the same steady state as that of the United Kingdom.
The PPP ratio of GDP per capita in Poland and the UK has reached a steady state of 70%. In the future, Poland's per capita GDP purchasing power parity will be stable at 70% of that of the United Kingdom.
@@CHANGJIANGLONG Who cares when the cost of living is unbearable in the UK, GDP PPP does not take assets and rate hikes of liabilities into account so your purchasing power is meaningless
@@CHANGJIANGLONG you should have posted this alone. I don't think Poland will equal to Britain that easy.
Would be the easiest way to avoid confusion.
But why do you think PPP will be stable?
Do you have any example of a stable PPP?
@@juliane__ If the per capita GDP purchasing power parity growth rate is similar to that of advanced economies, it can be said that its per capita GDP purchasing power has reached a steady state.
In fact, the nominal dollar per capita GDP is the same, but the purchasing power parity is used in the video, so I also.
Over the past 20 years, it was 3.2% in advanced economies and 5% in emerging market and developing economies.
Emerging market and developing economies as a whole have not been steady-state in per capita GDP PPP over the past 20 years. But some of them have reached a steady state, and this 2% is pulled up by China, Southeast Asia, South Asia, Central Asia, Caucasus, and Eastern Europe. Steady-state regions: 3% in Latin America, 1.4% in the Middle East (possibly due to conflict and blockades), and 3.2% in Sub-Saharan Africa. Unsteady regions: 4.8% in Central Asia and the Caucasus, 9.3% in China, 5% in Southeast Asia, 6% in South Asia, and 5.45% in Eastern Europe.
These non-steady regions will enter a steady state in this 20 years except China, and China will enter a steady state in the next 20 years.
@@juliane__ Steady-state GDP per capita is the ratio of GDP per capita relative to another country is stable at a certain level
Economic investigator Frank G Melbourne Australia is still watching this very informative content cheers Frank ❤
Polish economy is pure economy without slav*very or colonialism.its pure hard work congratulations 🎉🎉👏
Hahaha. They are dependednt on german economy
@@Speedkam Only partially dependant, and only because of the geographical proximity and the size of the German economy. But what does that have to do with the praising words of the original comment? All of the mentioned things are true
@@Speedkam And also Poland is Germany's top 5 importer and top 5 exporter. Seems like german economy also relies on polish economy
@@ladrok97pahaha if German manufacturing decline than good bye too your economy
@@Speedkamas much as Germany was funded post war and was made NATO centre in Europe. It kind of tells me that they could be dependant on the US. I bet US would love to strengthen their strategic position that is closer to the Moscow. That fight has been going for yeeeaaaaaarsssssss.
I am a british italian and I love polish people. Hardworking people and they know how to have fun.
Great Reportage Thanks!
Thanks Tejvan - cannot really see where the benefits from UK productivity and the deindustrialisation from the 1980s went. Incomes grew for the wealthy from increased wealth not growth.
1. The peace dividend from the end of the cold war didn't seem to result in significantly lower taxes.
2. The North Sea oil revenues hid the lack of investment in other areas of the deindustrialised UK
3. The deregulation of financial services created instability due to the principal agent problem and transfer payments from foreign investors benefitting from lax UK tax policies and ultimately led to the UK being over-exposed to the financial crisis which we have arguably not recovered from.
Generally a lack of far-sighted economic planning since the 1980s where wealth creating from speculating and transferring assets has been more important than growth from innovation and investment - the Poles had a clean slate post Communism with an opportunity to re-new crumbling out-dated infrastructure - good luck to them! Can see UK plumbers going to Warsaw for the extra money soon.
Very interesting. Could you produce a 101 video on productivity as this seems to be so misunderstood by Gov ministers,broadcast media and the general public.
Great presentation.Thanks.
Coming soon to a TV near you......"Do widzenia, Pet"!
Big love from Poland, in a lot of countries they don't teach about Polish history well because it could put their country at bad sight or the history is simply hating us, we just want to leave peacefuly and rational where our views are respected. Its imbossible to avoid those new times, new generations but even If 80% of the world will for example do everything they want in the future, without any rules, traditons, religion etc. or if everybody will know nothing bout a Poland history, its ok for me, just let us live and do our thing because of that people maybe will see in us something more than just poor alcoholics or some "noname" not important country without history. It all started in 966c.a. so it was a long yourney.
Im worrying about my country, we have a lot of bad people but that is like something inevitable everywhere.
Im sad because of the direction which the world goes, I feel like our nation is living endless fighting life. Maybe not with other people now but fighting inside ourselves, we have a really strong mentality and a lot of wisdom from elder parents, grandparents, great history, tradition, families.
The "modern" side of Poland and most of other countries in the world are ruining it with new order.
I think everything will be good, remember this words when the world will come to the limit of madness, there will be a lot of Polish people which was mamy times insulted and ridiculed just exploding with truth and will be able to give their lives for it.
Anyways, keep it up bro!
Really good work I love this content and sorry for my shitty English
I think nature is taking its course, and like the polish people. I worked with them and made good friends with them. I like to visit Poland soon.
Its not started in 966. Christianity start on Polish land yes but not the history of Poles. That's because in school they teaching like that it doesn't mean that its accurate to whole history.
@@marcinbazucki6919 The symbolic date of Poland's founding is 966 when Poland was baptized, therefore I give this date as the beginning, time has to be counted from something, otherwise it is known that there was also a history of the people earlier
@@Hiksterr the first Christian Church was founded in Armenia in 300ce .
@@m.goodengumman3941 ye bro im just telling to the upper guy that before 966 there was not Poland as a country
It is nice to see the polish people work their way up in the world when gains are deserved. Comparing Poland to the UK doesn't really make sense as the UK decided to go their own way leaving the European Common Market. The point of the UK becoming a less attractive place to do business/trade is of course valid from a UK perspective.
Lol this is based on ppp. If based om nominal income uk will still be much higher!
@@ankadusatish9449 It is not so certain that the UK's nominal GDP will be higher, i.e. without taking into account ppp (which factor, i.e. ppp, is, by the way, an indicator of wealth). Thus, without this ppp factor, the exchange rate of the country's currency is heavily involved. And two things can happen:
1. The Polish currency (zloty) will become more expensive, e.g. by 20-30% (it used to be like that). If only as a result of the end of the war in Ukraine and Poland's participation in its reconstruction. And then Poland's GDP and its nominal GDP per capita will immediately skyrocket (the exchange rate of the zloty to the euro and the dollar will change, and thus by the amounts of nominal GDP converted to the dollar or euro).
2. Poland can switch to the euro - and again - given its solid foundations, its GDP and nominal GDP per capita will skyrocket just because of the currency change.
No we didn't leave the Common Market, is was the European Union which was a vastly different thing.
@@andypandy9931 by leaving the EU the UK decided to become a third country in EU terms as maany people pointed out before the Brexit vote. The EU has moved on, I haven't heard anyone missing the UK within the EU.
@@andypandy9931 It's called the Single Market nowadays, and yes the UK did leave it as well as the EU.
2:30 Poland isn't "struggling to make a transition" away from Russian gas, because the issue of energy dependence was under public discussion since 1996.
Was, as Poland - cooperating with Denmark - built a pipeline from Norway. It opened in August 2023.
Please could you make a video about the effects that will be seen from the (recently announced) 40 percent windfall tax on Italian banks? Thanks
Alas, Poland's economy is growing too late for me! I wanted to emigrate to Poland when wages passed ours, as I wanted to get my own back.😁
Great Britain helped as in frame EU to start in economical growing. We will never forget this helped hand and each Englishman will be warmly welcomed to Poland. From the eight years we have got in Poland government which is continuation London Poland, this people are ancestors Polish government in exile which couldn't back to Motherland after II WW, absolutely determined to change status of Poland as political partner (not object) among European ststes.
Another great video 😊
This was a very good video, you have a like and a sub 👍
0:40 Central European, not Eastern. In fact, Poland is located in Western half of Europe entirely.
Poland is considered eastern, because of the iron curtain.
Western only in terms of geography.
@@peeeep766 nobody talks about geography, it's mostly political/economical term. The west is west side of former Iron Curtain, East is eastern bloc of Iron Curtain
Wystarczy tego.
The chart at 9:20 is pure 'wishful' fantasy. It is worth mentioning the monstrous debt of Poland, swept under the carpet by 'creative accounting'.
Good video but you say Uk labour participation rate has fallen more than the compared countries since covid which is true but its still pretty high which makes the point that people in the UK are working hard but not getting much for it.
Absolutely. Financiisation means that more money is being diverted away from the Productive Economy (Manufacturing and non-financial Services and Products) into the Speculative Economy (Financial Services and Products). More people are employed in the Productive Economy than in the Speculative Economy, so real wage growth in the former has been stagnant for years, as well as investment from investors, who can make more money at a lower risk by seeking passive income from assets like Debt and property, than investing in businesses. This shift known as Financialisation is choking UK Economic growth, as productivity issues are a symptom of inherent weakness that is s slowing of economic capacity and activity. Wages won't grow in such an environment, and so GDP figures belie an ugly truth. If you drew a graph tracking GDP Growth as a percentage, and Real Wage Growth as a percentage over the last 30 years, you would see that whilst GDP has steadily increased, real wage growth trends downwards. So, workers are getting less of the wealth they create over time, year on year.
I appreciate your videos
I cannot believe that now we are not Locked in to the 27 , that we are not doing better than Poland,? I was told by/ farage/ tice / Dorris that we would prosper outside the 27
Did they lie? Surly not, possibly mistaken , or perhaps I don’t realise how well off I am after all I have a blue passport,
during 2008 crisis Polish export to Germany grew because of PLN vs EUR rate so intensive business links with Germany is ok even during slowdowns
Dlatego trzeba się trzymać własnej waluty...☝️
I am Pole and cooperating with European agencies to provide Polish workforce in Europe. Yes, Polish workers are well skilled, productive, hard working and sharp, we sent in last 8 years 2000 Polish workers to European agencies. Now in Poland there are a lot of opportunities! I even helped Danish employers to buy Harley Davidsons and tons of milk to icecreams!! Poland is now good place to check.
This tracks bc I am buying a house from a seller moving back to Poland because "better quality of life there". 😅
Hope both countries do well in the future
Good comment. I agree.
Poles are proper hard workers - productive as any top economy and sharp as anything.
You mean the wealth poles took from the west? Without EU Poland is nothing
Can you include a discussion and comparison of taxation ?
From what I have seen in my country the Polish are very handy craft people and work in any sector, whether it is cleaning, agriculture or industry and are not afraid even to work in week ends. For the moment about 1,3 Ukrainians fled to Poland and got shelter but it is a win win operation as hundreds of thousands Polish work abroad whilst Ukrainians work in Poland. Poland is quickly levering up and if Ukraine will be free and become a member of the EU this may result in a very powerfull economic block east of Europe with massive growth and Poland will be 1 in line to help rebuild, hopefully the UK will also benefit for the endless help they provided to UA as well , and the UK grasp all opportunities then too , boost up their trading relations and own economy !
Rolnictwo, sprzątanie? Śmieszny jesteś. A nie słyszałeś o polskich lekarzach, pielęgniarkach, polskich inżynierach, biochemikach, biologach molekularnych, architektach, fizykach jądrowych, unikatowych naukowcach, wybitnych elektronikach, cybernetykach, programistach, grafikach, itd. Mało wiesz o Polsce i Polakach.
@@KarTr1000 Can't you translate in English otherwise I have to ask my Polish friends to translate, but I get it ... Polish are very versatile and keen, that's why they have Chopin and Mary Cury, did she not get the Nobelprize also ?
I bardzo dobrze❤❤
Well done poland very pleased they are doing well. It's a place i have visted for both leisure and work. The polish are very hard working and some of the work ethics or lack of them in western Europe haven't made there way to Poland yet.
I will say it is always extremely poor economics to just draw a straight line on current growth rates and say if this continues this will happen. Predictions like this have proved to be wrong so many times.
Poland have a couple of huge things going for them you named a few but missed a big one. They kept control of there own currency and didn’t join the Euro.
The UK have some problems but nothing that couldn't be overcome if the government had the political will. For example the massive built up demand for housing. With an adjustment to building regulation and planning the construction sector could grow rapidly to meet this need. Creating lots of well paid jobs.
The UK as a lot going for it to and is likely to rmain world leaders in some important growing industries. Example aerospace, biotechnology, finance and media and sports. Also the UK as the top two universities in Europe attracting and creating some of the best and brightest in the world.
Yes, it's bad economics to predict the future from the past, but this article is meant to get some eyebrows to raise.
As they should.
@LMB222 Absolutely however its still misleading and wouldn't have killed them to drop that caveat in there.
one thing you got wrong - Poland is no longer dependant on Russian oil or gas, in fact this was planned to move away from Russian energy long before Ukraine war, so when it started they were the best prepared in Europe to cut off energy import from Russia.
Another great discussion.
RS. Canada
I'd like to see how British builders, bricklayers, plasterers and other manual workers fare in Poland. "Przyjeżdżają tutaj i zabierają nam pracę!"
That's really not Polish mindset, so I doubt.
very good points with 1) slowing Germany (Poland imports/exports more from/to Germany than the UK! unbelievable), 2) cohesion and corona funds being already blocked (=foreign investment risks!! polexit maybe) and 3) absolutely terrifying energy mix - its transformation will be costly, UK has just finished getting rid of coal. Poland is now facing extreme head winds, it would be a miracle to maintain the same growth. Costly militarization (I have seen even 5% of GDP) and Ukraine's competition for EU's funds after the war may cause a significant slow down.
add immigration to that. Millions of ukranians and hundreds of thousands of South Asians will eat into wage growth for sure.
@@kokojambo4944 that might actually help the economy, not in terms of per capita, but anyway. Poland has a very low unemployment, 2-5%, depends on how you count, and nearly non-existing social benefits, compared to Germany e.g., so immigrants help, they are not a burden on the economy.
Poland is the last remaining British friend in mainland Europe, greets to you guys! Wish you luck to get back on track, and keep pushing forward!
You are polish, not British.
Trolling.
@@liqiz1755 Wow! We got real Einstein right there! Where did i even say i'm British? Mr. Einstein V2?
@@michuXYZ You write like you're British.
And look at my last word
above the sentence.
@@liqiz1755 Well, you misunderstood my comment, i was just saying that Poland so my country is last friend of British in mainland EU, and i wish them to get back on track and keep developing.
With this "trolling" i thought you're calling me a troll
Surely the massive gains on the financial markets during loose monitory policy leading up to 2008 was skewing productivity figures since if you took that away and looked at say manufacturing there should have been cause for concern. Access to cheap foreign labour was a bad fix. They should have developed technology and made it efficient that way.
Well, they keep saying so
but let's look under the hood
I'm from Cracow (a major city in southern Poland). I live in London for like 7 years now.
currently making about 26k a year - thats roughly 400 quid on hand, per week. Roughly 20 grand on hand per year.
To do the same job in Poland i'll be getting 4500 polish zloty (PLN) a month before tax. thats 3400 PLN after taxes.
Rent of my place in London is 680 quid a month, bills included.
to get a similar place in Cracow its about 2000 PLN + bills - lets call it 2300 PLN a month.
transportation expanses - in London about a grand a year
in Cracow its 1400 PLN a year
Food prices went completely bonkers in Poland in the last year.
Their prices used to be way lower. Now they're actually higher, on at least some food products.
I would call it to eat something reasonably healthy would cost about the same - 180 quid a month in Uk or a 1000 PLN in Cracow.
So just these 3, in my opinion the largest costs of living
UK: 20000 - 12*680 - 1000 - 12*180 = 8680 GBP thats what i'm left with, before i start buying other things
PL: 40800 - 12*2300 - 1400 - 12*1000 = -200 PLN... Ooops... Straight off the bat you got to start saving on something. And since you cant save on transportation and food - it means i would only be able to rent some very small room...
And then there are all the other expenses - either crucial (like say clothing) or non-crucial that improve your standard of living (say a new smartphone or summer holidays)
In Uk my annual budget for those is 8 grand
In Poland it would be next to none. and living in 8 square meters single bedroom, counting every kWh of electricity used, is not exactly the standard of living i would be too comfortable with.
So to put it short - yeah, i don't think i'll be going anywhere, any time soon...
And then you realize the current Polish government bears a fair few similarities to UK under Cameron - the same tendency to divert all blame for all heir failures to EU.
There are political elements calling for Poland to leave the EU - because they want their freedom to wreck the country, for their own benefit, without EU blocking their moves (exactly the same as ERG here).
What they don't have yet is Nigel Farage type figure that would lead them to victory in the referendum - but this might change one day.
It's only cheaper in UK if your an immigrant and come over on a dinghy 😁
Lovely to see Poland succeeding. Strong stance against Russian aggression, strong national pride but still active member of the EU. I only visited Cracow but it was stunning. I'm reading The Witcher books right now and I love them.
Poland is quickly becoming my favorite nation.
Love from 🇮🇹
interesting vid, increasingly i'm replacing economic news with actual news because its not bias
Not sure if using constant 2017 is a good metric to talk about that Polish economy will overtake UK one. Other thing is that presented forecast is very optimistic suggesting that grow will rise and not slowdown as it usual happens. I'm not economist but this really feels like cherry peaking.
In sixties workers went from the UK to Germany for work. Brexit is taking us back to those times.
to old good days.
Before war world 2 millions of germans worked in Poland
So many times, we have mentioned countries overtaking others because they are rapidly increasing but all the time they just stop at some point.. Also you cannot compare the GDP per capita of a country that has almost 2 times the population of another one. It i slike Luxembourg, if they were even 10 millions, this country would not be that rich.. Only the USA manages to have both.
I agree with the first part (just thiink of Japan in the 90s), but not so much with the second. It is true for Tax paradises like Luxemburg or Ireland, that have very distorted GDP per capita figures. In most cases, however, yes comparisons between the GDP per capita of countries with different populations are accurate. There is no correlation between the size of the population and this variable. Comparisons between the total GDP would be absurd, of course, but not this one.
The easiest issue to point out is education. In Central Europe it is unheard of "leaving school at 16", and "on the job" training. 99% of young people stay at school till 19, many also working - because the vocational education system relies on roughly half school, half work.
The Polish people pull together as a team.
Success is all about teamwork and every member of the team being properly positioned and doing their utmost to fulfil the responsibilities and applying their skills to the best of their abilities.
Here in the U.K., we're a fractured up nation of squabbling self-serving narcissists with Unions trying to destroy the established ''free-market'' system of capitalism with everyone out for themselves and to heck with the overall performance of the team.
Unless we waken up and start to work together as a team with a common goal we will continue, ''full speed ahead'' on our journey to the bottom of the league of advanced nations.
Prosperity of Poland is just the result of their membership of EU. they just applied EU standards and recieved Fund and investments specially from Germany because of polish low prices. without EU there's no prosperity.
Your disingenuous characterisation of the Polish nation is nothing more that spiteful rhetoric.
The enrichment of all member states is one of the cornerstones of the E.U.,'s main objectives and one which has seen an increase in the prosperity of such countries such as the Republic of Ireland, Luxemburg and Hungry.
Along with others the aforementioned nations embraced the ideologies of the European brotherhood and used its structure to maximise the prosperity in offered to their respective nations.
Not so the strike happy, whinging Brits.
We huffed and puffed at every E.U., decision which we deemed not to be in our own specific interests and if it superseded our own parochial national laws.
We didn't move with the changing face of the world so here we are up the proverbial creek without a paddle. @@alwantamalus3709
I left the Uk 20 years ago as it seemed clear the trajectory it was taking. Simply can't compete, especially with a self loathing populous
I would however argue that the UKs covid response is a more significant effect then Brexit in the recent term. Although admit since it happened at the same time it is very difficult to disentangle them. There are now it seems, not developed and developing nations, but rather declining and emerging countries. We have been declining for at least 25 years - Bar weapons, banking and big pharma.
Another excellent and informative video. Thank you.
Greetings from Tricity in Poland :-) We have more and more foreign people here. You are welcome.
It seems the Tories plan of leveling up is working,. Just not in Britain.
How completely incompetent can a country be particularly when the issues are so important. Why do we insist on the suicide option when selecting the alternative when we had recognized years previously that to escape an imminent disaster we overwhelmingly required international assistance? Eventually, we may get around to accepting that our worldwide political position is based on where others see us rather than our own representation of self awarding greatness
One can only hope. Reality is a harsh mistress, but honest. It's a scary thought that one's livelihood depends so much on the ideas, ma beliefs and attitudes that some people have in their heads. It's shocking how adrift they are from facts.
Good video, by what I suspect is a 'Reasonable Remainer'. However, just because our transition out of the EU has been difficult, is that really a reason to re-join? Plenty of factors were mentioned in the video that would be true whether we were in or out. Looking at our economic performance after joining in 1973, would that have been reason to leave at that time? Three years after joining, we were at the IMF begging for money, and all of our economic indicators deteriorated sharply right after joining.
More importantly, I think the video doesn't pay enough attention to demographics. Falling birthrates have blighted all European economies for decades now, some worse than others. Germany, Italy, and Spain seem to be in particular trouble on this point. Whichever government is in power, either in or out of the EU, this will be the determining factor above all others, for success or decline. Additionally, this is one area where predicting the future can be made with more certainty.
Another missed point, I believe, is that with the number of Polish immigrants to the UK, it could be argued that they have successfully, and mutually beneficially, exported their unemployment. This has now become more difficult (not impossible, or even that difficult) so that may become another drag on the Polish economy.
Good points, though as Poland does better, they won't be losing their best young workers to higher wages abroad, this wil help demographics (plus 1 million + Ukraine refugees)
They have taken a lot of UK manufacturing. East Europeans probably have a lower wage structure as pre Brexit Poles used to come to the UK to for better earnings. Low salary growth economys last about 10 years before the workers want a better standard of living.