GUS: Poland's GDP growth at 3.1% in Q2

Poland's GDP growth rate stood at 3.1 percent y/y in Q2 2016, which is 0.1 percent higher than in the previous three months, the Central Statistical Office (GUS) announced on Tuesday. Economists had expected GDP growth in Q2 to be higher, at 3.3 percent y/y. According to the Finance Ministry's forecasts, economic growth is to reach 3.4 percent in 2016 and 3.6 percent in 2017. "There is a chance to exceed 3.5 percent in GDP growth in Q3 - Q4 2016, and this would mean GDP growth of 3.4-3.5 percent in total in 2016," Deputy Prime Minister and Minister of Development Mateusz Morawiecki proclaimed. In the period between 2010-2015, Polish GDP grew by 19.8 percent.