GDP rises in Q2

Fitch ratings

The Gross Domestic Product in Poland grew by 3.1 percent in the second quarter of 2016 informed the Central Statistical Office.

This is relatively good news, however it does not necessarily spell optimistic forecasts for the whole year, analysts in Poland predict.

“It is not a bad result, although I would not describe it as stunning, if we consider the first quarter when the growth slowed down to three percent, there were expectations that it was a one-off phenomenon and that the following quarters of the year will be much better with the growth gathering momentum. So I think this data now, proved that the expectations were excessively aroused,” Piotr Bielski from the BZ WBK bank told Polish Radio.

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