Polish economy grows 3.5% in Q3 2022: flash estimate

The Polish economy grew 3.5 percent in the third quarter of this year, the country’s statistics office said on Tuesday in a flash estimate.

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The figure was 0.4 percentage points higher than forecast by economists polled by state news agency PAP.

According to a quick estimate, the non-seasonally adjusted gross domestic product (#GDP) grew by 3.5% (YoY) in real terms in Q3 2022.https://t.co/GCGgJGW3pc#StatisticsPoland #statistics #GrossDomesticProduct #SpeedEstimate pic.twitter.com/SkMjapU32J

— Statistics Poland (@StatPoland) November 15, 2022

Poland's gross domestic product expanded by 5.8 percent in the second quarter of this year, after growing 8.6 percent in the first quarter, according to the state-run Statistics Poland (GUS) agency.

Poland’s central bank on Monday updated its GDP growth forecasts for the country, saying it now expects the economy to expand 4.6 percent this year, followed by 0.7 percent growth in 2023.

A Polish deputy finance minister this month predicted that 2023 "will be a difficult year" for the country’s public finances, but added that “there are grounds for cautious optimism.”

The Polish statistics office is expected to report full third-quarter data on November 30.

(gs)

Source: PAP, IAR