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Immigrants increase Polish GDP significantly

18:50

Immigrants increase Polish GDP significantly
source: Pxhere

Immigrants, including Ukrainians, who make up the largest group of them, could improve our average annual economic growth by 0.5 percentage points, as calculated by economists of Citi Handlowy bank. The most significant growth in the Polish economy occurred in 2017 and reached almost 1 percentage point.
“Thanks to the presence of immigrants from outside the EU, labor supply in the country is about 5.2 percent higher than estimated in the data coming from the Labor Force Survey,” Citi Handlowy concludes.
In the past, the National Bank of Poland (NBP) carried out similar estimates. According to NBP, there are about 800,000 immigrants from Ukraine who work in Poland. What is more, the inflow of workers from this country between 2013 and 2017 contributed to Poland’s GDP rate growing by 0.3-0.9 percentage points annually.
(Business Insider)

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