GDP growth confirmed at 2.7% y/y in Q4
Poland’s gross domestic product grew by 2.7 percent year-on-year in the fourth quarter of 2013, statistics office GUS said on Friday, confirming a flash estimate released earlier in February.
Seasonally adjusted GDP growth in Q4 was 2.2 percent y/y and by 0.6 percent compared to the previous quarter.
GUS also confirmed its flash estimate of GDP growth for the full year 2013 at 1.6 percent.
Halina Dmochowska, vice-president of the statistics office, said at a press conference that there are positive trends across the Polish economy, giving hope for further recovery. “What is positive is that, unlike in other periods, there are now three pillars supporting growth: a recovery of consumer demand, of businesses’ investment activity and net exports,” she said.
