Poland's economic growth probably accelerated to 3.0% y/y in Q1 of 2014 from 2.7% y/y a quarter earlier, the ministry of finance's chief economist Ludwik Kotecki has told the Polish Press Agency.
Earlier, vice PM and minister of economy Janusz Piechocinski also said that the Q1 growth will be around 3.0% y/y.
Market consensus for the Q1 figure is 3.0-3.1% y/y. National stats office GUS is due to present its flash estimate of the Q1 GDP growth on May 15 and the first estimate (with GDP's break-down) - on May 30.
Overall, Poland's economy is deemed to have started the recover a few months ago. Virtually all analysts and institutions agree that GDP growth will at least reach 3.0% y/y in the whole of 2014 compared to 1.6% reported for 2013.
Related Articles
Poland’s BGK to begin operations in Ukraine under new cooperation deal
Polish state development bank BGK will launch operations in Ukraine following the signing of a cooperation agreement between the two countries’ economic ministries, reported Ukraine Business News. ... ... more
Ukraine’s NovaPay launches European app for financial services with Polish partner
Ukrainian financial services group NovaPay has launched a European version of its mobile application, aimed at Ukrainians and EU residents, in partnership with Polish payment institution Quicko, ... more
Russian drones targeted Rzeszów airport hub, media claim
Russian drones, which breached Polish airspace in the early hours of September 10, might have been targeting the airport in Rzeszów, which is vital for the West’s military supplies to Ukraine, ... more