Economy
17:11 14 August 2019
Post by: WBJ

MPiT: consumption remains the main driver of GDP growth

MPiT: consumption remains the main driver of GDP growth
source: MaxPixel

Consumption, driven by social transfers, remained the main growth driver in the second quarter of 2019. GDP growth was also strongly supported by gross fixed capital formation, according to the Ministry of Entrepreneurship and Technology (MPiT), which has commented on GUS data.

On Wednesday, in a flash estimate, GUS  announced that GDP increased by 4.4 percent y/y in the second quarter of 2019, compared with a 4.7 percent increase y/y in Q1.

The Ministry believes that GDP growth “is undoubtedly a good result, which, according to preliminary and incomplete Eurostat estimates (no data from Estonia, Ireland, Greece, Croatia, Luxembourg, Malta, and Slovenia) places Poland in third place among EU countries (after Hungary and Romania ) in terms of economic growth. Eurostat’s complete GDP data for Q2 2019 are to be published on September 6.

(PAP)

gdp
mpit
consumption

lifestyle

LifeStyle
1 month ago

Doda Promises Emotions and Surprises at Polsat Hit Festival in Sopot

LifeStyle
1 month ago

New Culinary Concept Opens in Warsaw’s Kamionek District

LifeStyle
2 months ago

Mercedes-Benz Unveils Sleek New CLA with Electric Power and AI Tech

LifeStyle
2 months ago

Klaudia Zioberczyk Advocates for Minimalism Amidst Rising Modeling Career

Book of Lists

Book of Lists
4 years ago

The largest Polish companies under the Book of Lists microscope! Book of Lists 2020/2021 certificates have been awarded.

Book of Lists
5 years ago

25th jubilee edition of Book of Lists – project start