4:29 16 May 2025
Poland leads EU growth
Poland posted the highest GDP growth among large EU economies in Q1 2025, according to a flash estimate from the Central Statistical Office (GUS). Year-on-year growth reached 3.2%, or 3.8% using EU-harmonized data—well above the EU average of 1.4% and ahead of Spain's 2.6%. While slightly below Poland’s 20-year average of 3.8%, the result confirms the country's steady convergence with Western Europe.
Growth occurred despite weak industrial performance, highlighting the benefits of Poland’s sectoral diversification. Still, concerns remain. Public investment, expected to surge in 2025, has yet to materialize. The recovery—supported by loose fiscal policy—remains modest, with Bank Pekao calling it the slowest this century. Only Ireland’s 10.9% growth clearly surpassed Poland’s.
Finance Minister Andrzej Domański expects stronger growth ahead. Santander economists project 3.4% GDP growth in 2025, driven by services, inventories, and stable consumption, despite falling investment. Detailed data is due June 2.
