Poland’s economy grew 4.5 percent year-on-year in the second quarter of the year, slightly above a preliminary estimate of 4.4 percent, but slowing from a 4.7 percent expansion in the previous period and beating marker forecasts of 4.4 percent. It was the weakest growth rate since the second quarter of 2017, as government expenditure (3.4 percent from 6.4 percent in Q1) and gross fixed capital investment (9 percent from 12.6 percent) slowed. Meanwhile, household consumption advanced 4.4 percent, higher than a 3.9 percent rise in the first quarter of the year. Exports increased 3.9 percent (vs 5.9 percent in Q1) and imports went up at a faster 4.3 percent (vs 5 percent in Q1). On a seasonally adjusted quarterly basis, the gross domestic product expanded 0.8 percent on quarter in the three months to June, the slowest growth rate since the third quarter of 2016, easing from a 1.4 percent growth in the prior period. GDP Annual Growth Rate in Poland averaged 4.20 percent from 1995 until 2019, reaching an all time high of 8.10 percent in the fourth quarter of 1996 and a record low of 0.10 percent in the first quarter of 2013.
GDP Annual Growth Rate in Poland is expected to be 3.80 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 3.90 in 12 months time. In the long-term, the Poland GDP Annual Growth Rate is projected to trend around 2.90 percent in 2020, according to our econometric models.