Poland among the 25 most advanced global economies
It becomes the first country from the former Soviet bloc to be ranked as a developed market
- September 26, 2018 18:00
- Olya Georgieva
Poland has become the first country from Central and Eastern Europe to be ranked as a developed market on the FTSE Russell index. The FTSE Russell bases its classification on factors such as a country’s regulatory environment, the quality of its capital markets and the status of its derivatives market. Therefore, such reclassification would spark interest from overseas investors and open enormous opportunities for Poland's capital market.
The economic performance of the country is enjoying an uninterrupted growth for some 26 years. Fitch Ratings predicts GDP growth this year will hit 4.8%, while unemployment has fallen to 6%. This marks the first time in a decade that a country has made the leap from emerging market to developed market in the index's rankings.The country now joins the likes of the UK, US and Japan in the index’s list of the 25 most advanced global economies.