Polish GDP Growth Strongest in a Year


The Polish economy advanced 1 percent on quarter in the first three months of 2015, better than upwardly revised 0.8 percent growth in the previous period, preliminary estimates showed.

It is the highest growth rate since the first quarter of 2014 when the GDP advanced 1.1 percent.

Year-on-year, the economy expanded at a faster 3.5 percent, following a 3.3 percent growth in the last quarter of 2014. The detailed data will be only available in 2 weeks but it is expected that the growth was supported mainly by private consumption and investments, though in the smaller scale than in the previous quarter. Also, negative contribution from the net trade likely declined boosted by higher exports. 

The economy is expected to accelerate to 3.8 percent in 2015, up from an earlier estimate of 3.4 percent, according to the finance minister.

Joana Taborda | joana.taborda@tradingeconomics.com
5/15/2015 11:09:40 AM