Poland GDP Q1 2017


Poland: Growth picks up in Q1

May 16, 2017

Poland’s economy kicked into a higher gear in Q1, according to a flash estimate released by the Central Statistical Office of Poland on 16 May. GDP expanded 4.0% in Q1 over the same period of 2016. The result was above Q4’s 2.5% increase and overshot analysts’ expectations of 3.9% growth.

GDP components are not yet available but monthly indicators show buoyant performance across the board, with industrial production, retail sales and business sentiment reaching multi-year highs in Q1 and unemployment climbing down. More detailed data will be published on 31 May.

FocusEconomics Consensus Forecast panelists expect that the economy will grow 3.4% in 2017, which is up 0.1 percentage points from last month’s forecast. For 2018, panelists also foresee the economy growing 3.4%.

Author: Marlène Rump, Senior Data Analyst

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Poland GDP Chart

Poland GDP Q1  2017

Note: Year-on-year changes of GDP in %.
Source: Central Statistical Office (GUS) and FocusEconomics Consensus Forecast.

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