Polish 2019 GDP growth rate revised up to 4.5%

The Polish economy grew 4.5 percent in 2019, the country’s Central Statistical Office (GUS) said on Monday, revising upward its previous estimate of 4.1 percent.

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Image by Gerd Altmann from Pixabay

The statistics office in April reported that the Polish economy grew 4.1 percent last year and that it expanded by 5.3 percent in 2018.

The latest figure for last year is 0.5 percentage points higher than an initial estimate of 4 percent released by the office in January.

According to the revised estimate, gross domestic product (#GDP) in 2019 increased by 4,5% YoY.https://t.co/3JCYZYmsRA#StatisticsPoland #statistics #NationalAccounts #Poland pic.twitter.com/5D8i4258D9

— Statistics Poland (@StatPoland) October 5, 2020

The state-run statistics agency said in late August that the Polish economy contracted 8.2 percent in the second quarter of this year, after posting 2 percent growth in the first quarter of 2020.

Amid the coronavirus pandemic, the Polish economy is expected to shrink by 4.6 percent in 2020 as a whole, under a budget revision proposed by the government.

(gs/pk)

Source: PAP