Poland: Growth slows through last year-end
Poland’s economy grew 4.9% year-on-year and in unadjusted terms in the fourth quarter of last year, according to a preliminary estimate released by the Statistical Office (GUS) on 14 February. Although the fourth-quarter outturn beat analysts’ expectations, it confirmed a once-averted and long-anticipated slowdown of the economy (Q3 2018: +5.1% year-on-year). Ahead of comprehensive fourth-quarter national accounts on 28 February, it appears that household spending was once again in the driver’s seat.
On a quarter-on-quarter basis, growth slowed to 0.5% in seasonally-adjusted terms (Q3 2018: +1.6% quarter-on-quarter s.a.).