Polish Economy Grew 2.8%

The Polish economy grew 2.8% last year in real terms, the Central Statistical Office said in a preliminary estimate. Polish GDP grew 3.9% in 2015. Analysts approached by the PAP news agency had said they expected a GDP growth figure of 2.7% for last year. Domestic demand grew 2.8% in real terms last year, compared to 3.4% in 2015, according to the Central Statistical Office. Poland’s 2017 budget is based on a forecast of 3.6% GDP growth this year. Deputy Finance Minister Leszek Skiba said that economic growth last year was weakened by a fall in investment, but added the situation may improve in 2017.