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Gray-zone employment could reach 16% of GDP in 2009

20th March 2009
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According to a Labor Ministry study in 2007, when economic growth stood at 6.5 percent, working in the unregulated, so-called gray zone was often a worker's voluntary choice and not the result of a lack of legal work or poverty. However, in the current situation of rapidly increasing unemployment, this has changed drastically. According to economists, the domestic gray zone could this year represent a value of between 15-16 percent of GDP, estimated at some zł.200 billion.

“Companies have an increasing number of reasons to hide revenues or the scale of employment,” said Prof. Witold Orłowski, chief economist with PricewaterhouseCoopers. According to reports in February this year, 1.7 million people remained without work in Poland.

Source: Rzeczpospolita


From Warsaw Business Journal


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