News

Polish Economy Shrinks the Most since 1998
The Polish economy contracted 0.5 percent on quarter in the first three months of 2020, better than market expectations of a 1.2 percent drop, preliminary estimates showed. Still, it is the first contraction in four years and the biggest since the last quarter of 1998, due to the coronavirus pandemic and restrictive measures imposed. Year-on-year, the economy expanded 1.9 percent, better than forecasts of 1.3 percent. The Polish economy is seen contracting 4.3 percent in 2020, according to the European Commission forecasts.
Published on 2020-05-15

Polish Q2 Economic Growth Revised Higher to 1%
Poland's gross domestic product grew by 1 percent on quarter in the three months of June 2018, revised from a preliminary reading of 0.9 percent and compared with an expansion of 1.6 percent in the previous period. Fixed investment increased at a softer pace (0.4 percent vs 1.7 percent in Q1) while household consumption continued to rise solidly (1.2 percent vs 1.1 percent). In addition, government spending advanced 0.9 percent in the second quarter (vs 0.7 percent in Q1) and net external demand contributed positively to GDP growth as exports jumped 3.7 percent (vs -1 percent in Q1) and imports increased at a slower 2.3 percent (vs 0.3 percent in Q1). Year-on-year, the Polish economy grew 5.1 percent in the second quarter, following a 5.2 percent expansion in the previous period.
Published on 2018-08-31

Poland GDP Growth Slows to 0.9% in Q2
Poland’s economy expanded 0.9 percent quarter-on-quarter in the second quarter of 2018, slowing from a 1.6 percent growth in the prior period and below market consensus of 1.2 percent, the preliminary figure showed. Year-on-year, the economy advanced 5.1 percent in the second quarter of 2018, easing slightly from a 5.2 percent expansion in the prior period and in line with market expectations.
Published on 2018-08-14

Polish Economy Grows the Most in Over a Year
Poland's gross domestic product grew by 1.6 percent on quarter in the three months to March 2018, following a 1 percent growth in the previous period and beating market expectations of 1.3 percent, a preliminary estimate showed. It was the strongest pace of expansion since the fourth quarter of 2016. Year-on-year, the economy grew by 5.1 percent, following a downwardly revised 4.9 percent advance in the fourth quarter and also beating market consensus of 4.8 percent.
Published on 2018-05-15

Polish GDP Growth Revised Up to 1.2% in Q3
The Polish economy expanded 1.2 percent on quarter in the three months to September of 2017, above the preliminary estimate of a 1.1 percent growth and a 0.9 percent gain in the second quarter. It was the strongest growth since the last quarter of 2016, mainly boosted by robust household consumption and rising investment and exports.
Published on 2017-11-30

Poland GDP Growth Confirmed at 1.1% in Q2
The Polish economy advanced 1.1 percent on quarter in the three months to June of 2017, the same as in the previous quarter and in line with the preliminary estimate. Household spending was the main driver of the expansion while net trade weighed down on the growth, final figures showed.
Published on 2017-08-31

Poland GDP Growth Beats Estimates in Q2
The Polish economy expanded 1.1 percent on quarter in the three months to June of 2017, the same as in the previous period and beating expectations of 0.8 percent. Year-on-year, the economy advanced 3.9 percent, slowing slightly from a 4 percent rise in the previous period but above market expectations of 3.8 percent. Positive contribution came mainly from industry, construction and exports while the impact from the financial sector was neutral, preliminary estimates showed.
Published on 2017-08-16

Polish GDP Growth Confirmed At 9-Year High
Poland's economy advanced 1.7 percent on quarter in the fourth quarter of 2016, following 0.4 percent expansion in the previous period and in line with preliminary estimates. It was the strongest growth since the fourth quarter of 2007. The net trade contributed positively, as exports grew 2.8 percent (0.3 percent in Q3) while imports rose 1.9 percent (-0.1 percent in Q3). Meantime, household spending (0.8 percent vs 1.4 percent in Q3) and public consumption (0.6 percent vs 1.1 percent) advanced at a slower pace while gross fixed capital formation contracted less (-0.6 percent vs -2.2 percent). Year-on-year, the GDP expanded 2.7 percent, compared to 2.5 percent growth in the third quarter of 2016, matching preliminary estimates. In 2016, the GDP expanded 2.8 percent, compared to 3.9 percent growth a year ago.
Published on 2017-02-28

Poland GDP Expands The Most In 9 Years
Poland's economy advanced 1.7 percent on quarter in the fourth quarter of 2016, following an upwardly revised 0.4 percent expansion in the previous period and above market expectations of 1.4 percent, according to preliminary estimates. It was the strongest growth since the fourth quarter of 2007. Year-on-year, the GDP expanded 2.7 percent, compared to 2.5 percent growth in the third quarter of 2016, above market estimates of 2.5 percent.
Published on 2017-02-14

Polish GDP Growth Confirmed At 0.2% In Q3
Poland's economy advanced 0.2 percent on quarter in the third quarter of 2016, following 0.8 percent growth in the previous period and in line with preliminary estimates. The growth was mainly driven by household spending (+1.4 percent vs +0.8 percent in Q2) and public consumption (+1.1 percent vs +0.7 percent). In contrast, gross fixed capital formation contracted 2.4 percent, following a 1.7 percent decline in the previous period. The net trade contributed negatively, as exports fell 0.4 percent (+3.1 percent in Q2) while imports declined at a slower 0.1 percent (+2.7 percent in Q2). Year-on-year, the GDP expanded 2.5 percent, compared to 3.1 percent growth in the second quarter of 2016, the weakest growth since the third quarter of 2013. Year-on-year, the economy advanced 2.5 percent, hitting its lowest level since the third quarter of 2013.
Published on 2016-11-30

Polish Q3 GDP Growth Weakens to 0.2% QoQ
Poland's gross domestic product advanced 0.2 percent on quarter in the three months to September 2016 compared to a downwardly revised 0.8 percent growth in the previous period and missing market consensus of 1 percent expansion, preliminary estimates showed. Compared to the same quarter of 2015, the economy advanced 2.5 percent, missing expectations of 2.9 percent growth and hitting its lowest level since the third quarter of 2013.
Published on 2016-11-15

Poland Economy Expands 0.9% in Q2
The Polish economy advanced 0.9 percent in the second quarter of 2016, following 0.1 percent contraction in the previous period and in line with preliminary estimates. Year-on-year, the GDP advanced 3.1 percent.
Published on 2016-08-30

Poland GDP Shrinks 0.1% in Q1
The Polish economy contracted 0.1 percent on quarter in the first three months of 2016, reversing from a 1.3 percent expansion in the previous period and in line with preliminary estimates. It is the first contraction since the last quarter of 2012 as lower funds from the European Union dragged public spending and investment down.
Published on 2016-05-31

Poland GDP Shrinks for 1st time Since 2012
The Polish economy contracted 0.1 percent on quarter in the first three months of 2016, compared to an upwardly revised 1.3 percent growth in the previous quarter. It is the first contraction since the last quarter of 2012, as lower EU funds hurt public investment and construction, preliminary figures showed.
Published on 2016-05-13

Poland GDP Growth Hits 8-Year High
The Polish economy expanded by 1.5 percent on quarter in the three months to December of 2015, following an upwardly revised 1.0 percent growth in the previous quarter and above preliminary estimates of 1.1 percent, final figures showed. It was the highest value since the fourth quarter of 2007, boosted by public spending while investments and household consumption advanced at a slower pace. Year-on-year, the economy expanded by 4.3 percent compared to revised 3.4 percent growth in the previous period and above flash 3.9 percent growth.
Published on 2016-04-19

Polish Q4 GDP Growth Confirmed at 2-1/2-Year High
The Polish economy expanded by 1.1 percent on quarter in the three months to December of 2015, up from a 0.9 percent growth in the previous quarter and hitting its highest value since the second quarter of 2013, final figures showed. Public spending and fixed investment were the main drivers of growth, while household consumption advanced at a slower pace and net external demand contributed negatively. Year-on-year, the economy expanded by 3.9 percent.
Published on 2016-02-29

Polish GDP Growth Confirmed at 0.9% in Q3
The Polish economy expanded by 0.9 percent on quarter in the three months to September of 2015, up from a 0.8 percent growth in the previous quarter and matching preliminary estimates, final figures showed. While exports (+0.7 percent from -0.2 percent in Q2) and fixed investment (+1.2 percent from +0.3 percent) were the main drivers of growth, public spending advanced at a slower pace (+0.6 percent from +0.7 percent).
Published on 2015-11-30

Poland GDP Growth Accelerates to 0.9% in Q3
The Polish economy advanced 0.9 percent on quarter in the three months to September of 2015, accelerating from a downwardly revised 0.8 percent expansion in the previous quarter, preliminary estimates showed.
Published on 2015-11-13

Polish GDP Growth Confirmed at 0.9% in Q2
The Polish economy expanded 0.9 percent on quarter in the three months to June, slowing from 1 percent growth in the previous quarter and matching preliminary estimates. While, private consumption and fixed investment slowed, public spending was the main driver of growth.
Published on 2015-08-28

Poland GDP Growth Confirmed at 1.0% in Q1
The Polish economy advanced 1.0 percent on quarter in the first three months of 2015 as expected, after a 0.8 percent growth in the previous quarter. Private consumption and fixed investment were the main drivers of growth while public spending slowed.
Published on 2015-05-29