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, preliminary figures showed.

Lower EU funds hurt public investment and construction.

Year-on-year, the economy expanded 3 percent, lower than 4.3 percent in the last quarter of 2015 and market expectations of a 3.4 percent growth. 

Joana Taborda | joana.taborda@tradingeconomics.com
5/13/2016 11:20:33 AM