In February 2020, the Prosperity Index in Poland fell significantly.
According to the Bureau for Innovations and Economic Cycles, for the first time in 11 years, an indicator showing the economic condition of Poles has fallen so sharply in a short time. The last significant drop in the index occurred during the global financial crisis, but then this decline was balanced by low inflation, which continued to lower.
This year the situation on the contrary is compounded by rising inflation, which has already reached almost 4.5%, which is a record since the last global crisis. This state of affairs in the Polish economy will affect hired workers, who will find themselves in adverse conditions due to a drop in the prosperity index and a decrease in the number of jobs. In the changing economic conditions, employers will become less accommodating, and at best wages will remain the same, which, with increased inflation, means a decrease in the purchasing power of the population.