PwC sees Poland's average annual GDP growth at 2.5% by 2050.

By bne IntelliNews January 17, 2013
Poland's GDP will grow at an average real rate of around 2.5% per annum over the period to 2050, according to forecasts of advisory PwC. Since the introduction of market reforms in 1990, the Polish economy has been growing at the average rate of 3.3% per annum. The analysts admit that taking into account this historical perspective, a growth rate below 3% is generally perceived as disappointing for Poland. Another reason for this perception is that past experience suggests that employment in Poland only starts to rise (on average) when the GDP growth rate exceeds 3%. On the other hand, past economic research shows that, as an economy gets richer, its growth potential may tend, others things being equal, to decrease. At the beginning of the reform process in 1990, Polish GDP per capita was only 8% of German levels at the market exchange rates of the time and only around 32% in PPP terms after adjusting for price level differences: the corresponding current ratios are 30% and 54% respectively, they noted.
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