Poland is experiencing the perfect period in its historical past. Since 1989, when it grew to become the primary nation on the planet to utterly abandon communism, Poland has skilled an financial miracle. Since then the dimensions of its financial system has elevated eightfold and all indicators have improved nearly miraculously.
In reality, 1991 was the final strictly dangerous 12 months for the Polish financial system till the arrival of the coronavirus. Whereas there have been many ups and downs alongside the best way in the remainder of Europe, since 1992 the Polish financial system has grown each 12 months at an annual common of over 4%. And now the influence of COVID-19 can also be being diminished.
Nevertheless, in 1989 the scenario in Poland was very totally different: at the moment the shortage of fundamental merchandise was the norm, Poles needed to stand in lengthy and tedious queues to fill their pantries and the disaster the nation was going by way of appeared everlasting. Nearly 45 years of Soviet rule had destroyed the Polish financial system. However from 1989, every part modified and it modified in a short time. The query we examine is, how did Poland handle to flee from communism? How did it go from being a virtually bankrupt nation to an financial shining mild? On this video we inform you all the small print about one of the crucial unbelievable political and financial transitions we now have ever witnessed.
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