Poland’s gross domestic product shrank 8.2 percent year-on-year in the second quarter of 2020, after expanding 2 percent in the previous quarter and compared with market expectations of an 8.6 percent decline, a preliminary estimate showed. It was the sharpest contraction on record, amid the coronavirus pandemic and the government efforts to curb the spread of the virus. On a seasonally adjusted quarterly basis, the economy slumped 8.9 percent, the most since series began, and following a 0.4 percent contraction in the first quarter of the year.
GDP Annual Growth Rate in Poland averaged 4.05 percent from 1995 until 2020, reaching an all time high of 8.10 percent in the fourth quarter of 1996 and a record low of -8.20 percent in the second quarter of 2020. This page provides - Poland GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Poland GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Central Statistical Office of Poland (GUS)
GDP Annual Growth Rate in Poland is expected to be -6.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Poland to stand at 7.90 in 12 months time. In the long-term, the Poland GDP Annual Growth Rate is projected to trend around 4.00 percent in 2021 and 2.50 percent in 2022, according to our econometric models.