Economics
Poland Plans EU-Funded Boost to Revive Pandemic-Sapped Economy
- ‘New Deal’ program envisages increased income redistribution
- Stimulus amounts to $19 billion per year, more than 3% of GDP
The offices and skyscrapers in the financial district in Warsaw, Poland.
Photographer: Lukasz Sokol/BloombergThis article is for subscribers only.
The Polish government will boost spending on health care and housing as part of its sweeping stimulus plan -- financed mainly from European Union funds -- in an attempt to rejuvenate the economy and win back popularity.
Poland’s economy shrank for a fourth straight quarter on an annual basis in the first three months of 2021, as the latest wave of the pandemic kept business activity on the back foot.