13:52 21 August 2022
Poland with the biggest fall in GDP in the EU
Poland's GDP fell by 2.3 percent in the second quarter of the year – the most in the EU, according to still incomplete Eurostat data. Latvia came in second with a loss of 1.4 percent of GDP, while the Netherlands recorded the largest increase, with a GDP gain of 2.6 percent.
According to the results published so far, only two countries in the world were worse: China and Russia, as Business Insider noted. It is comforting, however, that on a one-year and three-year basis excluding the pandemic, the performance of our economy looks better.
The previous time worst quarter recorded in Poland was in the fourth quarter of 2006, i.e. during the rule of the PiS-Samoobrona-LPR coalition, when Jarosław Kaczyński was prime minister, and since 1995 our country has had the worst quarter among the countries of the current EU only three times.
