Polish Q2 2021 GDP growth rate revised up

The Polish economy grew 11.2 percent in the second quarter of this year, 0.1 percentage point more than initially estimated, the country’s Central Statistical Office (GUS) has said.

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The state-run statistics agency in late August reported that the Polish economy expanded 11.1 percent in the second quarter of 2021, after contracting 0.9 percent in the first quarter amid the COVID-19 disruption.

Poland’s president last week approved the country's revised budget for this year, which expects the economy to grow 4.9 percent in 2021 as a whole, after a 2.7 percent contraction last year.

International ratings agency S&P Global in late September upgraded its forecast for Poland's GDP growth this year to 5.1 percent, from a previous projection of 4.5 percent.

(gs)

Source: PAP