Q3 GDP growth at 3.3%, domestic demand up by 4.9%

Poland’s economy grew by 3.3 percent year-on-year in the third quarter of 2014, according to revised estimates published by statistics office GUS. The data is consistent with the flash estimate published in mid-November. In Q2 GDP growth stood at 3.5 percent. The main driver behind the economic growth was domestic demand, which increased by 4.9 percent y/y in the third quarter. In Q2 2014, domestic demand had even stronger growth – of 5.6 percent. Investment increased by as much as 9.9 percent y/y in Q3 2014.