PwC: Polish economy to rank 31st in 2050

Poland's economy will grow the fastest in the EU over a 50-year period, but it will rank 31st worldwide in 2050 due to a population decline, according to the report by PwC. While the GDP rate of growth is estimated to reach 3.5 percent (till 2020) and 2.8 percent growth (between 2021 and 2040) it will drop to 2 percent in the last ten years of the first half of the century. Including purchasing power parity, the Polish GDP will fall from 23 place (2014) to 31st in 2050 (out of 32 included in the ranking).  If the predictions hold, Poland will rank just ahead of the Netherlands and lag behind such developing countries as Bangladesh, Thailand,  the Philippines and Malaysia.