81117
Poland Posts Record Growth
Poland Posts Record Growth

Poland Posts Record Growth

Poland Posts Record Growth

There was some good news for Poland’s beleaguered government on January 30 after Statistics Poland announced that the country’s economy had grown by 4.6% in 2017. This beats all forecasts and represents Poland’s highest level of growth since 2011, Emerging Europe reported. Growth in 2016 was 2.9%. Gross value added in the national economy in 2017 was 6.2% higher than a year earlier. This followed 3.6% growth in 2016. On the expenditure side, final consumption grew 4.2% over the year and gross capital formation expanded by 6.4%. In more good news for emerging European economies, neighboring Lithuania also reported excellent growth figures on January 30. The Lithuanian economy expanded by 3.9% year on year in the fourth quarter, up from 3.1% in the third quarter. Witold Orlowski, chief economic adviser for PricewaterhouseCoopers in Poland, wrote in a recent opinion editorial for Emerging Europe that while there are reasons to cheer, there are at the same time worrying clouds being cast over Poland’s economic results. “The main reason for concern is the structure of the GDP growth,” he wrote.

Short URL : https://goo.gl/8ABzaj
  1. https://goo.gl/5c1A2b
  • https://goo.gl/J2pTWP
  • https://goo.gl/WiRC3J
  • https://goo.gl/RMCDLp
  • https://goo.gl/QzV1w5

You can also read ...

An expanding trade war threatens to squeeze incomes.
The untold story of the world economy—so far at least—is the...
PwC Says Australian Firms Deliberately Going Broke
Companies that deliberately fail are costing the Australian...
Asian Stocks Retreat, European Shares Mixed
Asian stocks closed lower on Monday as investors digested the...
Uncertainty abounds in Malaysia, where a two-month-old government is only starting to give  a clearer picture of economic policy.
For Southeast Asia's biggest economies, 2018 wasn't supposed...
Chinese Premier Li Keqiang (C) shakes hands with Jean-Claude Juncker (L) and Donald Tusk after the meeting in Beijing on Monday.
China could open its economy if it wished, European Commission...
Experts Say China Can Cope With Uncertain H2
China is confident it can cope with a more uncertain second...
Turkey Budget Deficit Expands
Turkey’s central government budget balance recorded a deficit...
Russia has been seeking ways of decreasing dependence  on the US currency.
One of Russia’s largest banks, VTB is seeking to decrease the...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus