Romania has narrowed the GDP per capita gap with Poland to just three percentage points, but Poland still exports nearly four times as much, highlighting persistent structural differences between the two economies.
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Four times the exports. Pass the champagne.
Catching up on GDP per capita while exporting a quarter as much? Sure. Show me wages, and who actually stayed to earn them.
Reminds me of Portugal’s grand convergence story with Greece after the bailouts. Headlines screamed catch-up. Then the numbers quietly stalled and nobody printed a follow-up. This one differs only in one respect: Bucharest actually ships things instead of surviving on cheap credit. Pity the exports are a quarter of Poland’s. Three percentage points is meaningless when the warehouse is empty.
Three points closer — who actually got the money?
