Domestic
22:37 12 May 2021
Post by: WBJ

Economic optimism prevails: Economic Forum and Warsaw School of Economics

Economic optimism prevails: Economic Forum and Warsaw School of Economics
Source: Photo by Nathan Dumlao on Unsplash

The economy in Poland will return to the state before the Covid-19 pandemic next year – predicts by far the largest group (45 percent) of representatives of enterprises and the non-profit sector concerning several economic variables. This is the result of the survey of the economic activity index (WAG) presented by the representatives of the Economic Forum in Karpacz and the Warsaw School of Economics.

WAG shows the activity of the Polish economy ahead of time. This indicator is designed to facilitate the monitoring of business, economic and social challenges. It is cyclical (at the beginning of six months) and is based on the expectations of representatives of enterprises and the non-profit sector about several economic variables. The revenues of companies are the most important (40 percent share in WAG) (for the non-profit sector it is about the GDP indicator). The second element is the investment of enterprises (30 percent share in the WAG), but in the case of the non-profit sector, it is about consumption expenditure. The third variable is employment (unemployment rate) weighing 20 percent of share. Export, i.e. the last factor, accounts for 10 percent of the share.

Among the key areas of challenges for Poland and the world (health, economy, challenges for business, local governments, and education), three of them repeated the need for greater digitization and raising competencies in this area. The Covid-19 pandemic has certainly contributed to its growing importance.

(PAP


warsaw school of economics
optimism
economic forum

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