Polish PM announces demographic plan to stop pension system 'collapse'

The Polish prime minister has warned of a collapse in the country's pension system unless Poland's demographic decline is halted. Mateusz Morawiecki issued the warning on Thursday as he unveiled his government's new 'Demographic Strategy 2040', which forms part of a broader reform package, the Polish New Deal. Poland's population now stands at around 38 million but is on a downward path and, according Eurostat, the EU's statistical agency, could shrink to 34.1 million by 2050. "We can clearly see that if we don't address a number of key areas in the Demographic Strategy 2040 here and now, if we don't strengthen the state's support for families, then in a decade or two there may be a collapse, a paralysis of the pension system..." Morawiecki said.