Polish FinMin expects GDP growth acceleration to 3.0% y/y in Q1 of 2014

By bne IntelliNews May 14, 2014

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

EU top court rules Poland broke law by logging in ancient forest

Poland broke EU law by increasing logging in the ancient Bialowieza Forest under a pretext of fighting spruce beetle, the Court of Justice of the European Union (CJEU) ruled on April 17. The ... more

S&P raises Poland’s outlook to positive on rosy prospects of economy in 2018

Standard and Poor’s raised its outlook for Poland from stable to positive on April 13, while maintaining the country’s rating at BBB+.  The raising of the outlook is based on ... more

Finland gives final nod to construction of Nord Stream II

Finland has issued a second and final permit for the construction of the controversial Nord Stream II pipeline that is to pump gas from Russia directly to Germany via a Baltic Sea route, the Regional ... more

Dismiss