Polish GDP Expands The Most In 9 Years
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).
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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.