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Polish economy grew 2% in Q4 2022: flash estimate

14.02.2023 10:15
The Polish economy grew 2 percent in the final quarter of last year, the country’s statistics office said on Tuesday in a flash estimate.
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Pixabay LicenseImage by Gerd Altmann from Pixabay

The figure was 0.2 percentage points lower than forecast by economists polled by state news agency PAP.

Poland's gross domestic product expanded by 3.6 percent in the third quarter of last year, after growing 5.8 percent in the second quarter and 8.6 percent in the first quarter, according to the state-run Statistics Poland (GUS) agency.

The Polish statistics office is expected to report full fourth-quarter data on February 28.

In 2022 as a whole, Poland's gross domestic product grew 4.9 percent, according to a preliminary estimate released by Statistics Poland at the end of last month.

The European Commission on Monday revised downward its forecast for Polish economic growth this year to 0.4 percent, from a previous projection of 0.7 percent, amid Russia's war in Ukraine.

Poland's President Andrzej Duda in early February signed into law the country’s budget for 2023, which expects the economy to grow 1.7 percent this year.

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

(gs)

Source: PAP, IAR