Polish Q3 GDP Growth at 4.9%
Polish Q3 GDP Growth at 4.9%

Polish Q3 GDP Growth at 4.9%

Polish Q3 GDP Growth at 4.9%

A strong rise in consumption together with rising exports and a recovery in investment propelled Poland’s economic growth to nearly 5% in the third quarter, its fastest pace in five and a half years, official data showed on Thursday, Reuters reported. Economic growth accelerated to 4.9% year-on-year in the third quarter, above an earlier estimate of 4.7% and among the fastest rates in the European Union, compared with 4% in the three months to June. A breakdown of third-quarter growth published for the first time on Thursday showed total consumption added 3.2 percentage points to the annual growth rate, foreign trade 1.1 percentage point and investment added 0.6 point. In seasonally-adjusted terms, the economy grew by 5.2% year-on-year in the third quarter and 1.2% quarter-on-quarter. Private consumption rose by 4.8% year-on-year, supported by a record low level of unemployment and wages rising at their fastest pace in years. Investment, seen by analysts as crucial to the growth outlook, rose by 3.3% year-on-year following a decline of nearly 8% in 2016.    


Short URL : https://goo.gl/FKx4SL
  1. https://goo.gl/79keiL
  • https://goo.gl/ZJmu73
  • https://goo.gl/ZF9ndZ
  • https://goo.gl/Uwi1DZ
  • https://goo.gl/orQ7Zb

You can also read ...

Indonesia’s interest rate rise highlights need for urgent defensive action.
Argentina's return to financial chaos might seem remote to...
Pakistan Retains Stable Rating
Moody’s Investors Service said that Pakistan’s (B3 stable)...
Real growth of the oil sector was  14.77% year-on-year in Q1.
Nigeria’s economy expanded for a fourth straight quarter in...
Goldman Says US in Dire Straits
Goldman Sachs’ analysts delivered a weekend note on the United...
Chan Chun Sing (L) and CEO of the Singapore Business Federation Ho Meng Kit,  at The Business Times Leaders Forum on Monday.
With the rise in unilateralism and protectionism, the...
Taiwan Economic Sentiment Weakens
Sentiment toward Taiwan’s economy weakened in May after the...
Investments by state enterprise rose 11.5% from a year earlier.
Thailand produced its fastest economic growth in five years in...
Bruno Le Maire
The stability of the eurozone will be at stake if a populist...

Add new comment

Read our comment policy before posting your viewpoints