Industries in Europe
European economy is expected to have resumed its recovery at a faster rate than predicted in the Spring Forecast. On the strength of continuous easing of containment measures and a significant restart of social activities, economic activity in the EU is expected to rise by 1.3 percent in the second quarter before accelerating to 2.7 percent in the third. Investment is projected to perform well as idle capacity in manufacturing continues to decline and profitability returns amid resurgent demand. While risk aversion and a weaker financial position of some firms may slow its momentum, corporations are expected to benefit significantly from a strong impulse provided by projects implemented as part of the Recovery and Resilience Facility, which is expected to grow in intensity over the forecast horizon. The top 3 growing industries in order are Manufacture of electrical equipment; Manufacture of machinery and equipment.; and Manufacture of motor vehicles, trailers and semi-trailers.
We can see the Poland is one of the most interesting market for investors. At the same time, it is possible to see the industries growth in Polish market by local and international organizations. Accordingly, the GDP of Poland, which has a higher value in terms of exports and imports, is approaching 1 trillion. This makes Poland a reliable and market-oriented country in Europe. Accordingly, foreign companies, especially companies from Central Asia and the Pacific, are cooperating with Polish companies, and various foreign sales are taking place.