IBnGR: Poland to exit the gray economy on March 12

Institute for market economics (IBnGR) reports the gray economic zone will generate approximately 19.7 percent of GDP in 2016, compared to 19.2 percent in 2015. "The main reason of such a shift is slowdown in economic growth in the second half of 2016, " the Institute claims. According to the IBnGR's estimates, the development of electronic payments plays an important role in the fight against the gray economy. "In 2016, day of exit the gray economy is March 12. After that date, production is contractually longer exclusively in the official economic exchange. The Institute plans to continue this initiative in the next years, " IBnGR states.