Adolescence is over. Time for updates to the Central European growth model
The 20th anniversary of the 2004 European Union enlargement should constitute an occasion not only to celebrate the numerous economic successes of the last two decades, but also to reflect on upcoming development challenges. Although growth since the accession has been pretty solid and stable, its foundations are still not robust enough, especially given the current uncertainties concerning geopolitics and geoeconomics.
Twenty years of EU membership for the Central European countries have seen great success from an economic point of view. The dynamics of GDP growth have been relatively high, with the convergence process progressing and foreign trade developing at the same time. The inflow of direct investments has also been fairly intense, while unemployment decreased to the lowest levels in Europe. In addition, the region's countries have generally managed to maintain stability in their public finances.
Twenty years of EU membership for the Central European countries have seen great success from an economic point of view. The dynamics of GDP growth have been relatively high, with the convergence process progressing and foreign trade developing at the same time. The inflow of direct investments has also been fairly intense, while unemployment decreased to the lowest levels in Europe. In addition, the region's countries have generally managed to maintain stability in their public finances.
June 22, 2024 - Konrad Popławski
