Poland - Pato la Taifa mwaka Kiwango cha Ukuaji

Poland’s GDP expanded 3.9 percent year-on-year in the third quarter of 2019, easing from an upwardly revised 4.6 percent advance in the previous period and below market expectations of 4.1 percent, preliminary estimates showed. It was the weakest pace of expansion since the last quarter of 2016. On a seasonally adjusted quarterly basis, the economy grew 1.3 percent, faster than a 0.8 percent advance in the prior quarter and beating forecasts of 1.1 percent.

Poland’s economy grew 4.5 percent year-on-year in the second quarter of the year, slightly above a preliminary estimate of 4.4 percent, but slowing from a 4.7 percent expansion in the previous period and beating marker forecasts of 4.4 percent. It was the weakest growth rate since the second quarter of 2017, as government expenditure (3.4 percent from 6.4 percent in Q1) and gross fixed capital investment (9 percent from 12.6 percent) slowed. Meanwhile, household consumption advanced 4.4 percent, higher than a 3.9 percent rise in the first quarter of the year. Exports increased 3.9 percent (vs 5.9 percent in Q1) and imports went up at a faster 4.3 percent (vs 5 percent in Q1). On a seasonally adjusted quarterly basis, the gross domestic product expanded 0.8 percent on quarter in the three months to June, the slowest growth rate since the third quarter of 2016, easing from a 1.4 percent growth in the prior period.

Poland’s GDP expanded 4.4 percent year-on-year in the second quarter of 2019, easing from a 4.7 percent advance in the prior period and missing market expectations of 4.5 percent, a preliminary estimate showed. It was the weakest pace of expansion since the second quarter of 2017. The seasonally-adjusted GDP rose 0.8 percent quarter-on-quarter, compared to a revised 1.4 percent in the previous three-month period.

Poland’s gross domestic product expanded 4.7 percent year-on-year in the first quarter of 2019, easing slightly from a 4.9 percent advance in the prior period and compared with preliminary estimates of 4.6 percent. It was the weakest GDP growth rate since the three months to June of 2017, mainly due to a slowdown in gross fixed capital investment (0.5 percent from 1.6 percent in Q4). Both, household consumption (2.4 percent from 2.1 percent) and government expenditure (1.1 percent from 0.9 percent) advanced faster and net foreign demand contributed positively to growth (0.7 percent from 0.3 percent). On a seasonally adjusted quarterly basis, the economy grew 1.5 percent, faster than a 0.5 percent expansion in the last quarter of 2018.

Poland’s economy advanced 4.6 percent year-on-year in the first quarter of 2019, slowing from a 4.9 percent expansion in the previous period but beating market expectations of 4.5 percent, a preliminary estimate showed. It was the weakest growth rate since the second quarter of 2017. On a quarterly basis, the GDP rose 1.4 percent, after a 0.5 percent growth in the prior period.

Poland’s gross domestic product expanded 4.9 percent year-on-year in the fourth quarter of 2018, below a 5.1 percent advance in the previous period and in line with earlier estimates. It was the lowest growth rate since the second quarter of 2017, as both household consumption (3 percent from 3.3 percent in Q3) and government expenditure (2.2 percent from 2.7 percent) slowed. Meanwhile, net trade contributed positively to growth (0.2 percent from -0.9 percent in Q3). On a quarterly basis, the economy went up 0.5 percent, easing from a 1.6 percent gain in the third quarter and matching preliminary estimates. It was the softest pace of expansion since the third quarter of 2016. Considering 2018, GDP grew 5.1 percent, following a 4.8 percent in 2017.