GDP rises by 4.1 percent y/y in the 2nd quarter of 2019: stats office

Poland’s annual economic growth in Q2 2019 dropped by 0.8 percentage points to 4.1 percent, according to initial estimates posted by Statistics Poland on Wednesday but the country still remains the third fastest-growing economy in the European Union context.

Poland was bettered only by Hungary and Romania, which grew by 5.1 and 4.6 percent respectively. On a quarterly basis the Polish economy grew by 0.8 percent. Both the UK’s and Germany’s economies fell back on a quarterly basis.

Speaking with PolandIN the head of the Institute of Forecasts and Analysis (IPAG), Bohdan Wyżnikiewicz, said that the Polish economy “was likely to grow more slowly than in the last 3-4 years but this year we see growth above 4 percent.”

Looking forward to 2020 Dr Wyżnikiewicz said their forecast was 3.7 percent, which was within market consensus.