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Polish economy grew 4.7% in third quarter: flash estimate

PR dla Zagranicy
Paweł Kononczuk 14.11.2017 11:07
The Polish economy grew 4.7% in the third quarter, the country’s Central Statistical Office (GUS) said in a flash estimate on Tuesday.
Photo: Arcaion/pixabay.com/CC0 Creative Commons
Photo: Arcaion/pixabay.com/CC0 Creative Commons

The reading was better than that expected by analysts, who had predicted third-quarter growth of 4.5% to 4.6%.

The Central Statistical Office also revised upwards the GDP growth figure for the second quarter, saying the economy had expanded 4% year on year, rather than the previously estimated 3.9%.

On Monday, Poland’s central bank revised upwards its GDP growth forecast for the country, saying it expected the economy to expand 4.2% this year as a whole.

In its July forecast, the bank said it expected the economy to grow 4.0% this year.

It said on Monday that it expected GDP growth to fall to 3.6% in 2018. Its July projection for next year was 3.5%.

The bank predicted the economy would grow 3.3% in 2019, unchanged from its July forecast.

(pk/gs)

Source: IAR

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