Polish economy grew 4.7% in third quarter: flash estimate
PR dla Zagranicy
The Polish economy grew 4.7% in the third quarter, the country’s Central Statistical Office (GUS) said in a flash estimate on Tuesday.
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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.