Eurostat: Poland still sole EU member to post GDP growth in annual terms.

By bne IntelliNews December 4, 2009
Seasonally adjusted GDP growth rose by 0.3% y/y in Q3/2009 in the whole EU vs. The previous quarter and by 0.4% in the euro-zone, according to data of the EU statistical office Eurostat. Earlier in mid-Nov, Eurostat estimated that GDP growth fall was 0.2% and 0.4%. In annual terms GDP growth fell by 4.3% in Q3/2009 in the whole EU and by 4.1% in the euro-zone. Eurostat announced that GDP in Poland increased by 0.5% q/q in Q3/2009 and by 1.0% y/y in line with information published earlier by the Central Statistical Office (GUS). Thus, Poland was the only EU member state to post growth in annual terms, with other countries reporting GDP decline in the range of 1.6% y/y (Greece) to 15.3% (Estonia), though a total of 13 countries have returned to economic growth in quarterly terms, with seven countries still reporting GDP falls. ISB, tom

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