GDP in Q2 rises by 5.3%, disappointing economists

Poland's Gross Domestic Product (GDP) increased by 5.3% annually in the second quarter of 2022, Statistics Poland (GUS) said in a flash estimate on Wednesday. The average market consensus was a 6.3% growth.

Seasonally adjusted GDP fell quarter-on-quarter by 2.3% between April and June of this year, while annually it increased by 4.5%. PKO BP economist Piotr Bujak noted the sharp economic slowdown in the second quarter, and said the decline will deepen in the coming month.