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The Polish economy grew by 3.5%

Date12 Feb 2016

The national conservative Law and Justice Party (PiS) of Jaroslaw Kaczynski took over the government at a time when the Polish economy is growing steadily. Economists have warned they could ruin this development. After revising its data, including seasonal factors, the statistics authority GUS has reported in early December that the Polish economy grew in the third quarter by 3.5%. In addition to exports as a growth engine (see below), is a slightly better results compared to the previous quarter, this was due to increased domestic demand, in particular, driven by the consumption, traced back to an improvement in the situation on the labour market.

The result is the market consensus, which was lowered by the partially disappointing economic results for the period from July to September from 3.8% to 3.4% respectively. Although the declining growth dynamics of industrial production growth continued in October at 2.4%, however, the majority of analysts believe that the Polish economy will finish 2015 with a growth of 3.5%. With stability, as a result of seventh quarter growth proved that the Polish economy is robust and resistant to external factors and political events that had been destabilising the world markets.

Source: Wirtschaftsmarkt Polen, November 2015