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Official: Polish GDP grows 3.3 percent y/y in Q3 2014

PR dla Zagranicy
John Beauchamp 28.11.2014 12:21
Poland’s Gross Domestic Product (GDP) rose by 3.3 percent year-on-year in the third quarter of 2014, Poland’s Central Statistical Office (GUS) announced, Friday.
Photo: GlowimagesPhoto: Glowimages

The figures are in line with GUS’s earlier estimates published in late October.

“In the third quarter of 2014, seasonally adjusted GDP (in fixed price terms with reference to 2010), grew by 0.9 percent in real terms on the previosu quarter and was higher than last year by 3.4 percent,” GUS said in a statement.

“Hawks and doves now have their arguments,” wrote Raiffeisen Bank in a tweet, referring to the rate-setting Monetary Policy Council which is expected to cut interest rates following its next meeting on 3 December.

“The period of deflation has likely been extended to the third quarter, but GDP does not require stimulation.” (rg/jb)

Source: PAP

tags: gdp
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