The European Commission’s spring forecast sees economic improvement for the EU and eurozone. GDP growth is expected to rise in 2024 and 2025, with inflation decreasing due to increased purchasing power and employment growth.
Poland’s Economy on the Rise
Poland’s GDP forecast has been revised upwards for 2024 and 2025, driven by strong private and public consumption. Rising wages, government support, and improved consumer sentiment are supporting the country’s economic rebound.
Inflation rates are predicted to decrease in the EU and eurozone, while Poland’s public debt is expected to rise. Despite geopolitical uncertainties, the EU’s labor market remains resilient, creating over two million jobs in 2023 with low unemployment rates.
Labor Market Strength
The labor market in the EU is thriving, with high employment rates and record low unemployment. Poland continues to see rapid wage growth due to minimum wage increases and public sector pay rises.
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