Economy
22:20 14 July 2020
Post by: WBJ

Economy thawed out by nearly 80%: experts

Economy thawed out by nearly 80%: experts
Representative image. Source: pexels.com

The accumulated level of losses caused by restrictions related to combating Covid-19 is already approx. PLN 180 billion, however, due to “defrosting” the economy and easing the rules of social distance, the rate of losses has clearly slowed down – to just over PLN 420 million per day, against more than PLN 2.1 billion per day during the most severe lockdown. This means that the economy has already been thawed out about 80 percent compared to this reference point, show results from the updated loss meter, which the Federation of Polish Entrepreneurs (FPP) maintains together with the Lewiatan Confederation, a trade body.

An important change over the last month, indicating the continuation of a gradual return to normality in social and economic relations, is the relaxation of restrictions on travel and crossing the border with the countries of the European Union and the Schengen area. The effects of the so-called “4th stage of defrosting the economy,” introduced in late May and early June, aided the economy, the experts emphasized.

(ISBnews)



poland
economy
fpp
polish
lewiatan confederation

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