Poland’s Central Statistical Office (GUS) confirmed its 4 percent Q1 GDP growth flash estimate. The quarter-to-quarter growth was at 1 percent.
Private consumption rose by 4.7 percent year-on-year, its fastest pace in eight years, supported by a record low level of unemployment and a new child benefit launched by the government last year.
However, investment, fell by 0.4 percent year-on-year compared with a decline of 9.8 percent in the previous quarter. In seasonally-adjusted terms, investment rose by 1 percent.