New World Bank report says Poland is on the right track to meet Europe 2020 targets but still needs a number of reforms in employment, education, and innovation Raising employment, improving skills, enhancing innovation and technology absorption will put Poland on track for higher growth rates, says the World Bank WARSAW, March 21, 2011 – The World Bank presented its new report today in Warsaw entitled Europe 2020 Poland: Fueling Growth and Competitiveness in Poland through Employment, Skills, and Innovation. The report analyzes how Poland can make progress in attaining Europe 2020 targets in order to reach higher growth rates, and provides policy recommendations in that regard. “Poland weathered the recent crisis very well, but there is uncertainty about whether it will be able to return to high growth rates, which exceeded 5 percent a year before the crisis, or, for that matter, to develop at a similar speed as a number of other high-achieving upper-middle-income countries such as Chile, the Republic of Korea, or Malaysia,” said Marcin Piątkowski, World Bank Senior Economist and one of the authors of the report. “Poland has already undertaken important reforms in many areas, but it needs to go further to sustain its impressive pre-crisis growth rates and meet the new targets on which Poland still lags behind.” Europe 2020 Strategy Targets – Poland’s progress: Targets under the Europe 2020 Strategy | Poland | | | 75% of the population aged 20-64 should be employed | 64.9% | 3% of the EU's GDP should be invested in R&D | 0.59% | The share of early school leavers should be under 10% | 5.3% | At least 40% of 30-34 years old should have completed a tertiary education | 32.8% | Reducing the number of people at risk of poverty or exclusion by 20 million in the EU | 10.4 million |
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