Poland’s GDP grew by 5.1 percent y/y in the Q4 compared with a 4.9 percent increase in Q3, Central Statistics Office GUS said in a flash estimate.
According to preliminary data from the Central Statistics Office, Poland’s GDP grew by 4.6 percent in 2017, the fastest since 2011. The growth was driven by domestic demand and higher economic activity in the region and the European Union, Poland’s main trade partners.
According to PM Mateusz Morawiecki predictions in 2017 GDP grew about 4.5 percent, while in Q4 alone the growth amounted to 5 percent y/y.
According to Eurostat data, GDP per capita expressed in Purchasing Power Standards (PPS) in Poland amounted to 68 percent of the EU average in 2016, unchanged compared with 2015. The lowest pps in the bloc was in Bulgaria (49 percent) followed by Romania (58 percent), while the highest was in Luxemb...
Poland’s Q3 GDP grew by 4.9 percent y/y, Central Statistics Office GUS said revising earlier estimate which stood at 4.7 percent. In q/q terms GDP increased by 1.2 percent.
Poland’s gross domestic product grew by 4.7 percent year-on-year in the third quarter of 2017, according to a flash estimate published by the Central Statistical Office (GUS). The quarter-to-quarter growth was at 1.1 percent. GUS also revised the Q2 growth to 4 percent from the previous 3.9 percent....
International credit rating agency Standard & Poor’s forecasts for Polish GDP growth are under “upward pressure,” said Felix Winnekens, chief analyst at S & P Poland on September 12.
The Central Statistical Office (GUS) confirmed its previous flash estimate of Q2 3.9 percent GDP growth in year-on-year terms. The quarter-to-quarter seasonally adjusted growth was at 1.1 percent.
According to the latest long-term forecasts by Fitch rating agency, Poland will have 3.2 percent GDP growth in 2020 and 2021, which would be on the same level as GDP growth predicted for 2018 and 2019. For this year, Fitch expects Polish economy to increase by 3.3 percent.
The Fitch rating agency raised its GDP estimate for Poland to 3.3 percent for 2017 (from the previous 3 percent). “Fitch expects Poland’s GDP in 2017 to accelerate to 3.3 percent from 2.7 percent in 2016 and will be driven by strong consumption growth and a rebound in the investment area,” the...