Poland GDP Q3 2018


Poland: The economy continues to roar through Q3

November 14, 2018

According to preliminary data released by the Central Statistical Office on 14 November, the economy expanded an unadjusted 5.1% annually in Q3, matching Q2’s expansion and exceeding market analysts’ expectations. Although a breakdown by expenditure is not yet available, a strong expansion in retail sales, tight labor market conditions and moderate inflation all suggest that growth was driven once again by buoyant private consumption.

On a seasonally-adjusted quarter-on-quarter basis, growth accelerated from 1.1% in Q2 to 1.7%.

More comprehensive data will be released on 30 November.

FocusEconomics Consensus Forecast panelists expect that the economy will grow 3.6% in 2019, which is unchanged from last month’s forecast. For 2020, our panel sees the economy expanding 3.1%.


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Poland GDP Chart

Poland GDP Q3  2018

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

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