Polish economy grew 4% in first quarter: statistical office

The Polish economy grew 4.0 percent in real terms year on year in the first quarter, the Central Statistical Office said on Tuesday in a flash estimate, giving seasonally unadjusted figures.

Economists surveyed by the PAP Biznes news agency had expected Polish GDP to grow 3.9 percent year on year.

“Seasonally adjusted GDP… increased by 1.0 percent in real terms compared to the previous quarter and was 4.1 percent higher than a year ago,” the statistical office said.

In seasonally unadjusted terms, GDP rose 2.5 percent in the fourth quarter of last year. In the third quarter it increased by 2.4 percent, in the second quarter by 3 percent and in the first quarter by 2.9 percent.

Last year as a whole saw GDP growth of 2.7 percent .

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