Polish economy slows down but remains second fastest in Europe

3.9 percent year-on-year GDP growth rate in Q3.

editor: REMIX NEWS
author: Money.pl/PAP

Although Poland’s growth rate is slightly lower than forecast, coming in at nearly 4 percent GDP in the third quarter of 2019, the Polish economy is still the second-fastest growing in Europe right after Hungary.

Polish Minister of Finance Jerzy Kwieciński reported that the growth rate of Poland’s GDP in Q3 of 2019 is forecasted to be close to 4 percent and the entire year is predicted to land between 4.2 to 4.3 percent.

According to Statistics Poland, using the so-called flash estimate, Polish GDP decreased to 3.9 percent year-on-year in Q3 2019 compared to 4.6 percent year-on-year in Q2 2019 after a 4.5 percent correction.

Compared to the previous quarter, there was a 1.3 percent GDP increase.

Economists had expected a 4.1 percent year-on-year GDP growth rate in Q3 of this year.

“Just like we expected, Poland is not ambivalent to the worsening of the economic situation in the world, but we are a leader in growth in Europe,” the minister explained.


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