Economy
15:54 19 August 2023
Post by: WBJ

The Polish economy performs worst in terms of GDP in the EU

The Polish economy performs worst in terms of GDP in the EU
Source: CCNULL

GDP in Poland saw the steepest decline in the second quarter among all European Union countries that published their economic growth data. This is a complete reversal from the situation in the first quarter when Poland was a leader in terms of the pace of gross domestic product growth. Economists caution that in both cases, these data should be approached cautiously.

According to the Central Statistical Office (GUS), the Polish economy contracted in the second quarter: GDP declined by 0.5 percent compared to the second quarter of 2022. This indicates a deepening slowdown compared to the first quarter when GDP decreased by 0.3 percent.

However, the seasonally adjusted data paint an even starker picture of the economic slowdown, where the state of the economy is compared to the previous quarter. In this context, GDP fell by as much as 3.7 percent, marking the deepest quarterly drop since the pandemic. Among the countries that have already published data for the second quarter, Sweden experienced a significant decline of 1.5 percent. In other cases, the declines do not exceed 1 percent.

(300gospodarka

poland
gdp
gus
europe

lifestyle

LifeStyle
7 days ago

Politicians Should Have a Sense of Humor

LifeStyle
14 days ago

Forbes 2025: Poland’s Wealthiest Are All Billionaires

LifeStyle
21 days ago

Super-Luxury Maybach SL 680 Monogram Series Debuts in Poland

LifeStyle
21 days ago

Karolina Pilarczyk Calls for More Support for Polish Drifters

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
4 years ago

25th jubilee edition of Book of Lists – project start