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
Glass wool production restarts in Hungary after 16-year hiatus
Glass wool manufacturing has resumed in Hungary after a 16-year break, as the first trial products rolled off the production line at a new thermal insulation plant built in northeastern Hungary ... more
Poland signs €200mn deal with ICEYE for reconnaissance satellites
Poland will acquire three synthetic aperture radar (SAR) satellites under a €200mn agreement with Polish-Finnish satellite operator ICEYE, the company said on May 14. The contract comes in the ... more
Erste Group buys 49% of Santander’s Polish unit for €6.8bn
Erste Group acquired a 49% stake in Santander’s Polish bank for approximately €6.8bn, the Austrian lender said on May 5. The Austrian bank, the country’s largest, also agreed to purchase 50% ... more