Coronavirus lockdown: Polish economy loses nearly PLN 80bn, say experts

The Polish economy has already lost PLN 79.3 billion due to restrictions on economic and social activity from March 16 to April 20, according to the trade bodies Federation of Polish Entrepreneurs (FPP) and Lewiatan Confederation. These organizations have indicated that efficient and effective actions are needed to defrost the economy. The costs of the current method of fighting coronavirus – although necessary to bear in the early stages of the epidemic – will be ruining for the Polish economy in the long run.

“The organizations have jointly launched a counter for losses caused by restrictions associated with the fight against Covid-19. They translate into a loss of livelihoods of a growing number of people and the severity of health problems not related to the coronavirus,” a press statement jointly released by the associations on April 22 says, adding that the Polish economy has been losing almost PLN 2 billion a day.

(ISBnews, FPP)