Polish economy grew 1% in Q4 2023: flash estimate

The Polish economy grew 1 percent in the final quarter of last year, the country’s statistics office said on Wednesday in a flash estimate.

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The reading was in line with a forecast by economists polled by state news agency PAP.

According to the #FlashEstimate, gross domestic product (#GDP) in volume terms seasonally unadjusted was higher by 1.0% in the 4th quarter of 2023 (YoY).https://t.co/xO2tBfdLle#StatisticsPoland #statistics #NationalAccounts #economy pic.twitter.com/Q3yU2OtwMz

— Statistics Poland (@StatPoland) February 14, 2024

Poland's gross domestic product expanded by 0.5 percent in the third quarter of last year, after shrinking 0.6 percent in the second quarter and contracting 0.3 percent in the first quarter, according to the state-run Statistics Poland (GUS) agency.

The Polish statistics office is expected to report full fourth-quarter data on February 29.

Jaki był wzrost PKB w ostatnich trzech miesiącach 2023 roku? Znamy dane GUS https://t.co/QnRKAhDFkU

— Gospodarka - Polskie Radio (@Gospodarka_PRSA) February 14, 2024

In 2023 as a whole, Poland's gross domestic product grew 0.2 percent, according to a preliminary estimate released by Statistics Poland at the end of last month.

Poland's President Andrzej Duda in late January signed into law the country’s budget for 2024, which expects the economy to grow 3 percent this year.

(gs)

Source: PAP, IAR