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2023-11-10 00:00:00
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According to a recent report by the UK's "The Daily Telegraph," Poland is emerging as a formidable industrial force, potentially overshadowing Germany’s long-standing position as Europe’s industrial powerhouse. Amidst concerns of deindustrialization in Germany, exacerbated by soaring gas prices and the impact of the Ukraine conflict, Poland has seen a remarkable 85% increase in output per person over the past decade, as per OECD data cited by the publication.
The surge in Poland's industrial output, reaching USD 43,113, stands in stark contrast to Germany’s 46% rise in the same period. Tomas Dvorak, a senior economist at Oxford Economics, expressed admiration for Poland’s industrial resilience amidst global challenges. “Poland might be the only country in Europe – possibly worldwide – where industrial production has not only surpassed pre-pandemic levels but is actually back on pre-pandemic trend,” he commented, as quoted by "The Daily Telegraph".
The British news magazine attributes Poland’s industrial strength to several factors, including government support, lower labor costs, and strategic investments in key sectors such as battery manufacturing and nuclear energy.
In contrast, Germany’s manufacturing industry has seen a contraction over the past decade, whereas Poland has expanded its factory output and attracted significant international investments, including from industry giants like Intel and potentially from Taiwan Semiconductor Manufacturing Company.
"The Daily Telegraph" also emphasizes Poland’s robust infrastructure growth, ambitious nuclear power initiatives, and successful near-shoring of supply chains, which starkly contrast with Germany’s hesitant nuclear policies and industrial slowdown.
Despite Germany still commanding a significant 26% of the EU’s manufacturing output compared to Poland’s 6%, the report underscores Poland’s undeniable ascent on the global industrial stage. Economists cited by "The Daily Telegraph" highlight the importance of continual evolution in Poland’s industrial sector to sustain and enhance its competitive edge.
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