Poland needs innovation, labor market reforms and strong institutions to complete its ?remarkable? transformation and catch up with Western living standards, according to a World Bank report.
The ex-communist nation of 38 million people, and European Union member since 2004, moved from middle-income to high-income status ?in record time,? Arup Banerji, World Bank Regional Director for the EU, said on Tuesday.
?Poland?s vibrant political institutions need to work on rebuilding a broad consensus on the vision and economic strategy for the country, to meet the challenges, while ensuring the long-term policy continuity that has served the country so well in the past,? the World Bank said.
The EU?s executive in Brussels has launched an unprecedented procedure against Poland?s 17-month-old government, which it says is undermining democratic standards through its overhauls of the judiciary and media.
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