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Many macroeconomic indicators are currently revisiting the record highs noted at the end of the 1990s, while the period of greater economic activity that commenced in 2004 can be likened to the revival Poland experienced between 1995 and 1997. As it is stated in the article "Revisiting the past ?", elaborated by Piotr Bielski (Bank Zachodni WBK, Economist): it is important to note that both in the 1990s and now, the period of strong economic revival was preceded by a release of available capacity on the supply side of the economy and of serious labour force reserves...
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In the first period, this was powered by the systemic transformation, the activation of private entrepreneurship and the transformation recession of 1990- 91. Meanwhile, between 2001 and 2002, the changes were instigated by an economic downturn which was caused by, among other factors, the global economic situation and the restrictive domestic monetary policy which resulted in (forced on) a topdown restructuring of enterprises and improvements in Polish firms' efficiency and ability to compete...
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