Poland’s economic success story faces the test in the narrow surface flow

Poland will vote on a serious presidential tour on Sunday. The country is one of the few Economic success stories in Europe.

Its economy grows much faster than some of the largest economies. It grew by 2.9 % in the past year, where I got 2.8 % growth in the United States and criticized the three largest economies in Europe with 0.2 % growth for Germany in addition to 1.1 % for both France and the United Kingdom

Poland’s economy has grown 11 times since 1986, nearly twice the speed of the United States during the same period.

“The last year or two years have seen a boom, and she is getting advertising,” said Matius in Urban, an economist in Oxford Economic in Warsaw, Poland, earlier this year. “There is really a European tiger in the door of Germany.”

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Success is partially due to the unleashing human capital of Poland as well as well -known Polish ethics. Moreover, Donald Tusk helped in the role of the Prime Minister in 2023, who took over for right -wing law and justice. Before Tusk, the government and a punishment were targeted before European Commission On the allegations he had no independent judicial authority. Critics have also asked why Tosk escaped from the sanctions to close some Polish media.

Now Poland will choose a new president on a surface tour between the left center and the right wing. After the initial vote earlier this month, there are only two candidates, the mayor of Warsaw Rafale Tarskoski, a left -wing candidate, and Carol Noruki, with the support of the right -wing and justice party.

As of Thursday, TRZASKOWSKI was 48 % to 47 % on Noruki, according to a polls survey published in Politico. The candidates are the neck and neck statistically, but whatever happens, one of them will take over from the current president.

“If Trzaskowski wins the elections, both the government and the presidency will be supporters of the European Union.” UK party reformTell Fox Business. “There will be no checks on the legislative agenda.”

However, the matter can go in the other direction if the presidency goes to Noruki. “While the presidency in Poland is largely festive, the election result is either supporting or hindering the reform agenda alignment with the Tusk government,” said Elias Haddad, the chief strategy in the markets in Brown Prades Hariman, London, Fox Business.

Haddad said: “The president does not have a veto against power and does not have a three -fifth Tusk in Sejm (the lower home) to overcome the veto,” Haddad said.

In addition to the interest in the competition, the White House was Trump, who is said to support Noruki. Indeed, earlier this month, President Trump met at the White House as well as the Minister of National Security Nayyem, who was in CPAC in Poland, where he also gave her support.

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There is at least one similarity between the candidates. They want to reduce taxes.

“It is easier to make promises when you are not responsible,” said Urban, senior economists in Oxford Economic in Poland. “The difference in form, not the idea.”

He said that winning by Nawrocki will pressure much more on financial stability because decreased taxes is likely to be more slope than Trzaskowski proposed.

The promise to reduce taxes may be a dream due to its huge spending over the past four years. Last year, Poland’s defensive spending reached 4.2 % of GDP, the highest percentage of any member of NATO, and this spending partially led to an annual deficit of 6.6 % of GDP last year, an increase of 1.8 % in 2021, according to trading economics. A lot of spending has gone to the defense budget yet Russia invaded Ukraine In February 2022.

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