U.K.'s Brexit Loss Is Polish Boon as 200,000 Seen Coming Home
- Poles returning from U.K. would help tightening job market
- Unemployment rate fell to record-low 5.5% at end of 2016
What Brexit Means For the Future of British Trade
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Poland’s government is seeing the bright side of Brexit, predicting the U.K.’s departure from the European Union will bring as many as 200,000 Poles back to its red-hot job market.
With the unemployment rate at 5.5 percent last quarter, the lowest reading since the data series started in 1992, Polish officials are trying to address complaints by companies from fast-food chain AmRest Holdings SE to wholesaler Eurocash SA about the tight labor market. Brexit may uproot between 100,000 and 200,000 Poles from Britain, bringing home as many as one in every fourth Polish citizen living there, the Development Ministry said.