Poland’s GDP in the second quarter of 2015 grew by 3.3% year on year and by 0.9% quarter on quarter, according to a flash estimate by Central Statistical Office (GUS).
Economists surveyed by PAP Polish news agency estimated the second quater GDP growth at 3.6% y/y. Poland’s second quarter GDP growth was built on domestic demand with weaker q/q contribution from net exports, Finance Ministry said in a comment to second quarter flash estimate.
The first quarter 2015 annual GDP growth figure was confirmed at 3.6% y/y and 1.0% q/q.
“The results of the Polish economy in first half are a good starting point for full-year GDP growth,” the statement reads. “In this context, realization of the Finance Ministry’s official forecast for this year at 3.4% y/y does not seem threatened.”
Polish economy has remained on “a path of elevated growth” since Q2 2013 and the Q2 2015 reading does not diverge from a long-term trend or the prior-quarter rate in any significant way, the ministry said.
Eurostat also estimates the second quarter GDP growth at 3,6 %y/y. This result is higher than the one achieved by the whole UE, where the second quarter GDP growth amounted 0,4% and 1,6% y/y. Among the EU members who noted better scores in the second quarter is Spain (1% quarter on quarter), and in the year on year higher growth recorded the Czech Republic (4,4%) and Romania (3,7%).
warsawvoice.pl
paiz.gov.pl
