Polish GDP fares best against EU economies

Polish GDP fares best against EU economies

Published at: 2014-11-17 10:09 | Author: CIJ Journal
Poland’s GDP expanded by 3.4 percent year-on-year in Q3, while the eurozone grew just 1.3 percent year-on-year, according to figures released by Eurostat. The EU posted growth of 0.3 percent in the third quarter of the year. Romania came in behind Poland, posting a GDP growth of 3.3 percent. Finland, Italy and Cyprus, meanwhile, all posted drops in Q3.

Global institutions warn, however, that Poland’s GDP is expected to slow in the coming months, pulled down by shrinking exports, as the country remains dependent on Western economies. The International Monetary Fund recently cut its forecast for Poland’s 2015 GDP growth from 3.2 percent to 3 percent. Local market analysts are predicting further interest rates cuts from the Polish Monetary Fund.

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