The Polish president, Andergad Dada “Morning with Maria” at the World Economic Forum in Davos, Switzerland, is joining to discuss the impact of Trump's presidency on the global economy.
Nothing in Poland's walking from power to power. Despite being part of a slim EUThere are various reasons that and many aspects, including the country's prominent defense costs and Donald Trump's conservative approach, such as illegal immigration.
Late last month, the Polish economy rose 2.9 percent last year. This performance makes the European currency region more than tripled as the euro, also known as the euro. This period concluded 0.7 % for the same period.
Poland's growth also surpassed the United States, up 2.5 % strong in 12 months to December.
Mateusz Urban, a senior economist at Oxford Economics in Warsaw, Poland, told Fox Business: “Last year or two years has flourished and advertising is being advertised.” “There is really a European tiger right on the German door.”
Germany in economic frustrations in the midst of Trump's tariff war, China's competition
Consumers walk by a shopping center in Warsaw, the capital of Poland, July 4, 2024. (Dominika Zarzycka / Nurphoto through Getty Images / Getty Images)
This is not a one -way event. By 2024, the Polish economy has increased to 11 times more than 1986. According to trade economics data, it significantly surpasses the United States, which makes its economy six times larger in the same period.
Urban says much of Poland's rapid growth involves opening human capital after the collapse of the Soviet Union. During the decades of the Soviet Union, the government has made great efforts to educate people in mathematics, science and engineering and its continuous impact on universities and schools.
“These types of institutions have a lasting heritage,” Urban said. “After 1989, Poland inherited a fully organized system that succeeded in producing a good number of mechanical and information technology engineers.”
“US Europe” dreams are rapidly dying as EU retreats in the midst of illegal immigration
This focus on Science, Technology, Engineering And math helped the country to build a significant technology sector that is estimated to be $ 32 billion or 4.5 % of this year's economy.
Elias Haddad, a senior market strategist at the Brown Hariman brothers in London, told Fox Business.
Another factor that Poland benefits is the appointment of EU Veterans Donald Tusak as Prime Minister in December 2023. Prior to that, the Polish Party of Law and Justice, led by Matizis Jacob Moravi, was punished by the European Commission (EC). The notion that the Polish judiciary was not independent of the government.
“The party did not comply with some EU law,” says Haddad.
Poland's white and red national flag and the EU flag in Brandenburg. (Patrick Poll / Image Unity through Getty Images / Getty Images)
The result was that the EU funds gave EU funds to help Poland. But now, despite the tight TUSK in the hot chair, the EU money must all be released and strengthen the economy.
While the country is growing rapidly, it is also at the forefront of NATO, the military unity founded after World War II is the border with Ukraine. The country is expected to put 4.7 % of its GDP this year, which is a higher percentage of other NATO members, which will lead to 2024.
“We know that Germany will not be able to save Poland,” says Urban. “That's why the government is trying to spend 5 % GDP.”
According to the World Bank, Germany has failed to defend its commitment to NATO for decades at least 2 % of GDP. In 2024, it reached 2.1 %.
While Poland has responded positively Ukraine and Russian war During this time, more than 7 million refugees from Ukraine have also taken over.
“Since the war, we have become an attractive place for immigration and refugees,” Marsin Kelchhenik, a senior adviser to the World Economic Team at the Poland Economic Institute, told Fox Business.
A man wears a “Great Poland again” hat while wearing a 106th anniversary of Poland in Warsaw, Poland, Poland, Poland, on November 11, 2024. (Batata Zawrzel / Nurphoto through Getty Images / Getty Images)
However, this widespread influence leads to discussion that Poland wants to attract its country. Last month, Polish presidential candidate Rafał TRZASKOWSKI urged the government to use the so -called child benefit subsidies to Ukrainians with children but not formally work. He said that only those who work and pay their taxes should get help from the government.
Get Fox Business on a move by clicking here
Kelchhenik said the country is conservative and cautious with its immigration policy.
“We are aware of some other European countries' mistakes such as Germany, France and BritainHe said, and we want to prevent some of these. ”
In particular, these three large countries have failed to obtain many immigrants to integrate completely into local culture.