16:19 27 February 2025
Increase in Polish GDP, consumption up, investments remain small
Poland’s GDP grew by 3.2% y/y in Q4 2024, up from 2.7% in Q3, according to the Central Statistical Office (GUS). Quarter-on-quarter growth increased to 1.3% from 0.1% in the previous quarter. Key contributors were private consumption (+3.5% y/y), domestic demand (+4.8% y/y), and investment (+1.3% y/y).
Economists highlight that the growth was driven by rising household consumption and inventory accumulation, though investment remained weak due to high interest rates and delayed EU funds. Export growth was modest (+0.5% y/y), while imports surged (+3.3% y/y), leading to a negative net export contribution.
Forecasts for 2025 suggest 3.2-3.5% GDP growth, supported by EU funds, lower interest rates, and rising consumption, though external demand remains weak.
(wnp.pl)
