Securing Poland’s economic success: A good time for reforms

Since the end of central planning 25 years ago, Poland has staged an impressive economic expansion. Notwithstanding this undeniable success, our analysis indicates that Poland’s product specialisation is biased towards low- or medium-low-technology goods, the production of which relies on comparatively low labour costs. The key challenge in the coming years is to implement reforms that would support and facilitate a transition towards sectors with higher technological content and value added. To this end, Poland needs to take advantage of the currently favourable economic conditions before the growth impulse from the catching-up process peters out.