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Consumer recession weighs GDP growth down

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Consumer recession weighs GDP growth down
Source: Pixabay

Poland's GDP fell by 0.5% in Q2 compared to the previous year, a steeper decline than the anticipated 0.2% drop, according to a quick estimate by GUS. Analysts attribute this to a "consumer recession." Monika Kurtek, Chief Economist at Bank Pocztowy, points out four reasons for the…

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