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Polish economy grew 4.4% in Q2 2019: flash estimate

14.08.2019 23:00
The Polish economy grew 4.4 percent in the second quarter of this year, the country’s Central Statistical Office (GUS) said on Wednesday in a flash estimate.
Image by Gerd Altmann from Pixabay
Image by Gerd Altmann from Pixabay pixabay.com

The reading was a notch lower than expected by analysts polled by state news agency PAP.

Polish GDP grew 4.7 percent in the first quarter of this year and expanded by 5.1 percent in 2018 as a whole, according to the Central Statistical Office.

Poland’s largest bank, PKO BP, estimated this month that the Polish economy would grow 4.6 percent in 2019, exceeding many predictions.

The bank also revised upward its projection for Polish GDP growth in 2020.

The European Commission, the executive arm of the European Union, last month raised its forecast for Polish economic growth this year to 4.4 percent, up from a May projection of 4.2 percent.

International rating agency Fitch in June upgraded its projection for Poland's GDP growth this year to 4.2 percent from a previous forecast of 4 percent.


Source: PAP