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How Can the Response to the Covid-19 Crisis Reshape the Future of Poland's Economy?

Author

Listed:
  • Alina Ligia Dumitrescu

    (Institute for World Economy of the Romanian Academy)

Abstract

The articles analysis the impact of Covid-19 pandemic on the Polish economy on the one hand, and on the other the anti-crisis measures to combat or reduce the negative effects due to the restriction of economic activities. The author presents both the shield program against the Covid-19 pandemic and the draft recovery and resilience plan adopted by the Polish government. The multidisciplinary research methodology is based on a quantitative analysis of statistical macroeconomic indicators coupled with the qualitative research of the European Union documents. The conclusion of the article is that the most important impact of the current Pandemic Covid-19 crisis will be the “paradigm shift” that will reshape the future of all member states economies and EU on the whole. The Recovery and Resilience Facility and the National Recovery and Resilience Plans are two important instruments for the development of the paradigm shifts.

Suggested Citation

  • Alina Ligia Dumitrescu, 2021. "How Can the Response to the Covid-19 Crisis Reshape the Future of Poland's Economy?," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 9(1), pages 13-22, June.
    • Handle: RePEc:ntu:ntugeo:vol9-iss1-13-22
    as

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    File URL: http://www.globeco.ro/wp-content/uploads/vol/split/vol_9_no_1/geo_2021_vol9_no1_art_002.pdf
    File Function: First version, 2021
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    More about this item

    Keywords

    Covid-19; Poland; Romania; economic impact; anti-crisis measures; recovery and resilience plan;
    All these keywords.

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations
    • J2 - Labor and Demographic Economics - - Demand and Supply of Labor
    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs

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