20:37 17 March 2020
Poland maintains its position in Economic Freedom Index
Poland maintained its global position in the Economic Freedom Index, just like last year it was in 46th place in the global ranking and 25th in the regional ranking, the Warsaw Enterprise Institute (WEI) informed. The purpose of the Index is to rank countries and evaluate their government's policy in terms of economic freedom
WEI explains that this year's edition of the Freedom Index 2020 of Heritage Foundation and Wall Street Journal shows that Poland remains in the group of “moderately free” countries.
According to the announcement, this year's index for our country was 69.1 points, it improved by 1.3 points, compared to the previous year. The increase results mainly from the improvement of results in the categories of state reliability and fiscalism. At the same time, there was a decline in terms of business conditions, labor market and court efficiency.
The ranking compares 45 European countries, of which the vast majority are at least “moderately slow”. In Europe, there are only 2 economies with very limited economic freedom: Greece and Ukraine.
At the top of the world ranking, as fully economically free countries are Singapore, Hong Kong, New Zealand, Switzerland and Australia, which also places them at the forefront of the richest countries in the world. 180 countries were included in the study.
(PAP)
