The KAM2CentralPoland-4 project was implemented under an extraordinarily circumstances caused by Covid-19 pandemic which started in 2020 and continue to influence the global economy in 2021.
In 2020 the global economy was shut down for few months and Polish GDP dropped by 3,5 % (year on year) in 2020, while the unemployment is set to rise to 5,5 %. The government adopted a comprehensive fiscal package, worth around 5.2% of GDP in 2020, which combined with the spontaneous impact of the recession, will push the deficit to 11% of GDP in 2020. In 2021, again Poland suffered from 3 waves of the pandemic, which did not helped in the economic recovery process. In the fourth quarter of 2021, the Polish GDP advanced 7.3 percent year-on-year, as the Polish economy continued to recover from the economic setbacks brought by the pandemic. But at the same time, the annual inflation climbed to 8.6% in December 2021 (which was the highest inflation rate since November 2000) mainly boosted by the prices of food and non-alcoholic beverages, housing and utilities as well as transport. On the monthly basis the consumer process rose 1.9 percent at the end of 2021.
During the project implementation, Polish SMEs were struggling to survive despite the highly difficult economic situation in Europe and all the restrictions imposed on them by the Polish Government. The global vaccination process helped in reopening the European and global markets.
The KAM2CentralPoland-4 consortium needed to adjust quickly to dynamic changes to all facets of the economy.
