We use cookies to make sure our website better meets your expectations.
You can adjust your web browser's settings to stop accepting cookies. For further information, read our cookie policy.
SEARCH
IN Warsaw
Exchange Rates
Warsaw Stock Exchange - Indices
The Warsaw Voice » Business » September 1, 2014
You have to be logged in to use the ReadSpeaker utility and listen to a text. It's free-of-charge. Just log in to the site or register if you are not registered user yet.
Polish economy grows 3.3% in Q2
September 1, 2014   
Article's tools:
Print

Poland's GDP grew 3.3% year-on-year in Q2 2014, 0.1 pps above the earlier flash estimate, with domestic demand up by 5.1% y/y and investments up 8.4% y/y, General Statistics Office (GUS) preliminary estimates out Friday showed.

The headline figure was 0.1 pps above the 3.2% flash estimate reading released by GUS on Aug. 14.

In seasonal adjusted quarterly terms, GDP increased by 0.6% q/q, GUS also noted.

"Despite a slower rate of economic growth, positive changes appeared in the structure of growth,” Pekao economist Adam Antoniak told the PAP news agency. “In particular, there was a visible growth of domestic demand, based on recovering private consumption and investments,” he added.

“Problems for EU trade with Russia and weak results and prospects for the European economy suggest a further slowdown in Poland in the coming quarters” Antoniak said.

“3.3% GDP growth in FY 2014 is still within reach, but in light of the above threats, one should be prepared for a deceleration to 3.1-3.2% and stabilization at a similar pace in 2015," he added.
© The Warsaw Voice 2010-2013
E-mail Marketing Powered by SARE